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Where Taxpayers and Advisers Meet

Property Allowance

Posts: 18
Joined: Sat Nov 11, 2017 3:32 pm

Property Allowance

Postby steven13 » Fri Dec 28, 2018 8:19 pm

During the year ended 5th April 2018 I received £3400 property income and paid out mortgage interest on the property of £2600 (I'm standard rate tax payer). Can I also claim the new Property Allowance Of £1000 or am I precluded from doing this because of the mortgage interest claim?

Posts: 3069
Joined: Sat Feb 01, 2014 3:26 pm

Re: Property Allowance

Postby bd6759 » Sat Dec 29, 2018 12:30 am

Claim one or the other, not both.

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