Patrick Wray

@HMRC Admin 2 , did you include guidance on how to calculate the tax relief on residential financial costs, so that we know how much to deduct when calculating our Net Adjusted Income [when calculating whether we are entitled to child benefit]?

@HMRC Admin 20, thanks for clarifying that when calculating Net Adjusted Income it is possible to deduct the relief on residential property finance costs (20%).

I am trying to calculate my Adjusted Net Income for establishing if I am likely to be over the £50k threshold for recieving the full child benefit. I too assume like Jimssen that I can deduct allowable expenses, but I am unsure if we are allowed to deduct anything for residential property finance costs? Please can you confirm?