Mortgage interest on buy to let

PaulCooper

If interest has been paid on a mortgage financing a buy to let, but not claimed as an allowable expense against income tax for 3 years, can previous years tax returns be amended (resulting in a tax rebate for tax overpaid) for these previous years?
Thanks

Dazed_and_C0nfused

PaulCooper said:

If interest has been paid on a mortgage financing a buy to let, but not claimed as an allowable expense against income tax for 3 years, can previous years tax returns be amended (resulting in a tax rebate for tax overpaid) for these previous years?
Thanks

The ability to claim interest as an expense against rental income has long since ended.

You may however be able to claim a tax credit relating to the interest.

https://www.gov.uk/guidance/changes-to-tax-relief-for-residential-landlords-how-its-worked-out-including-case-studies

Depending on which tax years are involved you may be able to amend a maximum of two returns (2023/24 by 31 January 2026 and 2024/25 by 31 January 2027).

But you are out of time for amending earlier returns now.  You may however be able to make a claim for overpayment relief.  You need to follow the very specific guidance at the If you've missed the deadline to change your return section here.

https://www.gov.uk/self-assessment-tax-returns/corrections

PaulCooper

Thanks for your input, I'm convinced the government's job is to try and confuse normal people!
Paul