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Self assessment property boxes?
ben100000
Posts: 76 Forumite
I have a rental property which I am filling the uk property self assessment form.
Obviously I filled in box 20 with my total rents & then I filled in 24 & 25 with my expenses (without any mortgage interest).
So I have done the deductions between the two & put the profit amount in box 38 ‘adjusted profit for the year’ & the same amount in box 40 ‘taxable profit for the year’.
I then entered my mortgage interest in box 44 ‘residential property finance costs’.
Now my question is (may be obvious but I just want to be sure), is it correct to put both the profit amounts as I have done in box 38 & 40 as well as my mortgage interest in box 44 or do I just put the mortgage interest & not fill in the profit boxes 38 & 40?
I then entered my mortgage interest in box 44 ‘residential property finance costs’.
Now my question is (may be obvious but I just want to be sure), is it correct to put both the profit amounts as I have done in box 38 & 40 as well as my mortgage interest in box 44 or do I just put the mortgage interest & not fill in the profit boxes 38 & 40?
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Comments
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I may be wrong but don't boxes 38 and 40 just fill themselves in based on earlier answers?0
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