Anniebrid

Thanks for reply. I have made less profit for 23/24 so I think it might apply. How do I calculate the amount to carry forward. Generally speaking my profit for previous years is £2k ( not using any finance costs in that calculation of profit) for 23/24 its approximately £1k year, next year 24/25 it will be even less due to long periods without a rental income. How do I work out what to put in the unused finance box for 23/24. Thank you

Can anyone help me to understand when this box would be completed. I understand the residential finance costs box and have input the full amount of interest I have paid on a btl mortgage but do not understand when the unused box would be completed. Is it a calculation I would need to do or in what circumstances would it be applicable. Sorry for asking what may be a simple answer!