Form 11 information

C

Caili

Registered User
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Hi All,

Just wondering if anyone can shed any light on this.... Im renting out my property at the moment but am using the interest only option provided by my mortgage provider, when I send in the Form 11 at the end of the year, do I have to put down full mortgage payments or just what Im paying at the moment on interest only?

Thanks
 
You can only claim the interest paid on a mortgage.
Capital payments are not allowable deductions against rental income.

You can also only claim the interest if you have registered with the PRTB.
 
Thanks Domo, I have registered with the PTRB. So I must put down full mortgage payments (even though im only paying interest only) and take away the various allowable deductions?
Thanks
 
As your full payments are interest only - this is what you show.
Plus other tax deductable reliefs
 
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