Can you claim Mortgage interest? Yes!!! How? Section 24 - Example Calculation

The Tax rules on Section 24 or the Interest Rate Relief are now fully implemented. You can still claim the tax credit but you may be seeing higher tax bills on some of your rental income. How does it actually work? What happens if you cannot use all the finance costs you have incurred?

In this video you will discover:
Detailed Tax Calculation showing how you calculate your finance cost reduction under Section 24, the interest rate relief.
2 years' calculations show how unused relief is carried forward.

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.

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