Property on HAP.... When am I able to claim 100% of interest against tax?

L

landlord

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I have recently placed two of my rental properties into the HAP scheme.
One in April of this year and one in July of this year. I understand you have to wait three years before you can claim the full 100% of mortgage interest against tax. Does this mean that for the tax year of 2020 (filed in oct 2021), I can claim. Also am I able when filing that year to add on the missed 20% from the previous 3 years?
Sorry confused about this.
Thanks
 
Last edited:
You must register with the RTB. The form is notoriously difficult to find.

[broken link removed]
 
Wow !!! I have never heard anyone mention anything about that form before.
So can you Back-claim the previous three years worth of loss of interest. Or does the 100% interest deduction start after three years?
 
Amazing. I've never heard if this either. I have been renting to a family in reciept of rent supplement for 5 years now. If I complete this form now, can I claim back for previous years now. Or is it only applicable to HAP?
 
Thanks McGibney.....
So am I right in saying since I took on the tenants this year (2017), it won't be till the tax year of 2020 (filed in 2021) that I can back
claim the three years of lost interest (at 20% per year).
 
Hi T McGibney,

This was news to me too, I really must allocate more time to managing my rental property better.

Can you help with one query? I have had a family living in my property for the past few years, while on HAP or whatever it was previously called. They have moved on this week. Can I claim 100% interest relief for them for years 2017/2016/2015 in 2019?
 
I know I can claim 100% for the last 3 years next year, my question is if I did not fill out that form can I still do so by filling out the form now?
 
The question is about the form and the fact that I did not fill it out yet? I clearly do not understand hence I am asking the question!
 
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