I'm completing my first corporation tax return for a newly formed limited company which owns one residential property that is being rented out. under FRS102 it is an investment property. rental income is shown on the P&L under other operating income.
There is a mortgage taken out in the company name, being the first year of trading the company has made a loss as it took longer than expected to rent it out.
On the CT600 I have completed the property page, showing the loss, it is all being shown as property loss, not ltrading loss. Which box will the mortgage interest go on - does it get added o the property expenses or is there a specific box to put it in? Is it box 260 and box 295?