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Posted Mon, 04 Dec 2023 11:03:51 GMT by Lucy
Hello, Is it possible to claim a tax credit (20% of mortgage interest payments) from a previous year? i.e. if I did not claim them last year, would I be able to claim them this year to be added to this year's tax-credit (a total of two years) tax credit? Thanks
Posted Wed, 06 Dec 2023 12:14:23 GMT by HMRC Admin 25
Hi Lucy,
Thank you for your question.
I would advise you that any unused Finance Costs( mortgage interest payments) can be carried forward if they are not fully utilised in an earlier tax year.
Please refer to the guidance held here:
Tax relief for residential landlords: how it's worked out
You should keep a running total of the unused residential finance costs in either Box 45 of a paper tax return or the equivalent box on an online tax return. 
Thank you. 
 

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