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mortgage interest you can claim this as a deduction using the finance allowance but how does it work lets have a detailed look today [Music] hi Im Kimberly shatkop qualified Charters accountant property investor and entrepreneur lets sit down and have a chat were going to dive in today into two years examples of how the section 24 tax relief works for mortgage interest were going to start with one year and do the calculation and then were going to follow on to the next year so you can see how things fit together when you cant fully utilize the relief so lets Dive In our example today were going to be looking at the tax year 2223 now for our example weve got a salary of 36 000 rents of 20 000 mortgage interest of 15 000 and other repairs and other expenses that are non-financial of seven thousand so hopefully this gives us all the information we need to start now looking at our tax computation so to start off on our tax computation we now need to look at a couple of entries so
