Nicola
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RE: Adjusted Net Income - deduction for residential property finance costs
Hi, After reading this thread I am still seeking clarity on how to calculate allowable deductions from rental property income for my adjusted net income calculation. @HMRC Admin 2 please confirm if finance costs can be used as a reduction in tax liability at 20% as outlined above as per in our tax returns, or indeed if they are not deductible at all. Thank you