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Property Income losses and mortgage relief

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My client has brought forward losses on a foreign property.

The mortgage interest has been restricted as I would expect and the correct losses carried forward. 

However, he has received relief for the finance costs at 20% which I am sumwhat surprised about.  He hasn't paid any tax in the year on the property income, but he has tax relief in his tax calculation.   

Is this correct?  or am I missing something, perhaps not ticked a box correctly in my software.

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By SXGuy
11th Sep 2019 07:20

In my software taxcalc. I believe that it will utilise losses b/Fwd first and c/Fwd the unused restriction relief.

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