Self Employed full/UK Property 17 - Interest on bank and other loans

Include any:

• interest on bank and other business loans
• alternative finance payments

Do not include:

• the capital repayment element of the loans or overdrafts, or finance arrangements
• a proportion of interest and other charges where borrowing is not used solely for the business

You cannot claim the cost of any capital repayments from your mortgage. You must only include the proportion of the costs that are for the purpose of your FHL properties.

Note: If you claim the property income allowance, you cannot deduct any allowable expenses or claim any other allowances on this income.

For more information on the trading income allowance, go to Tax-free allowances on property and trading income.