Interest Paid on Qualifying Loans
Interest Paid on Qualifying Loans
Use the Interest Paid on Qualifying Loans section to enter details relating to either of these arrangements. You should refer to Help Sheet HS340 for further information.
Note: Do not include any interest or alternative finance payments used to purchase let property. You should include such finance payments within Land and Property. In addition, you cannot claim relief for interest on loans or payments on alternative finance arrangements that you use to buy your main home.
Add Interest Paid on Qualifying Loans
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Open the Interest Paid on Qualifying Loans section.
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Select the type of loan from the Purpose type drop-down.
Additional account fields appear at the bottom. -
In Description, enter a value. For example, Purchase an interest in a partnership.
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In Interest Paid, enter the amount of interest paid on the loan.
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You can complete the account related fields below or click Save and Close.