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Posted Mon, 02 Oct 2023 10:43:50 GMT by
I know that mortgage interest relief ended in 2020, preventing you claiming mortgage interest as an expense, but I read that I can still use box 44 "Residential property finance costs" to enter the amount of mortgage interest paid x 20% in order to claim a tax credit. Is this correct? my mortgage interest = £ 22,723 Should I enter £ 4544 in box 44 ? Thanks
Posted Fri, 06 Oct 2023 11:03:16 GMT by HMRC Admin 20 Response
Hi sharmthasan,

I presume that you will be completing a paper Tax Return (SA105) as you are referring to Box 44.
If this is the case then you would enter the actual amount of any mortgage interest payments (only the interest element if there is also a capital element to the mortgage).
IE.You would enter a figure of £22723 in Box 44..
Please refer to the following link for further information: UK property notes

Thank you.

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