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Posted 9 days ago by Faith Guilford
I rent out my only property and am living in rental property myself. I am a full time student. I pay mortgage interest on the property I rent out and it is an 'interest-only mortgage'. My mortgage payments are ~ equal to the amount I receive in rental income and as such I do not make profit from renting this property out. How do I input the mortgage expenses into a tax return self assessment as I cannot find where and how to input this. I have watched a lot of the videos available and non of them seem to cover interest only mortgages.
Posted about 17 hours ago by HMRC Admin 21 Response
Hi,
The mortgage is declared in the section for residential fainance costs - its on the last page of the rental section in the online return. for paper returns it is box 44.
Thank you.

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