A friend's sister has showed me her 2017/2018 SA Tax Return (downloaded PDF) and the Tax Return calculation (downloaded PDF). In 2017/2018, the total of Finance Charges (i.e. mortgage interest payments) paid from her bank account was £11,181.
In Box 26 "Loan Interest and other financial costs", she entered £8,386 (75% of £11,181). In Box 44, "Residential Finance Costs not included in Box 26", she left this blank (i.e. £0.00).
I would be grateful if someone would advise whether Boxes 26 and 44 have been completed correctly. If they have been completed incorrectly, please advise what she should do to correct this (the Tax Return has been submitted and the her "Income Tax Due" has been paid). (She would appreciate any help on this as she is caring for elderly relatives and is working only part-time.)
Thank you.
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