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Posted Mon, 20 Jun 2022 08:31:57 GMT by Jonathan Munck
Hi, are you able to declare mortgage interest as a landlord and claim the associated tax credit as well as claiming the £1000 property allowance? Having entered the £1000 allowance I see an error when declaring interest in box 43 stating I can't do both. I'm curious though as I've seen on replies to other questions that I can indeed do both. Also, I co-own the property 50/50 with my wife - if I was to enter expenses and/or mortgage interest, should I enter the whole amount or my 50% share of these? Thanks
Posted Tue, 21 Jun 2022 10:33:38 GMT by HMRC Admin 17

Hi,
 
Thank you for your question you cannot claim both £1000 property allowance and residential finance property costs.

If you wish to claim expenses and not the property allowance you will need to include 50%
and your wife needs to decalre 50%   .

Thank you.

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