Residential finance cost, restriction not being calculated for 2019/20.

Article ID

ias-12965

Article Name

Created Date

20th June 2019

Product

IRIS Personal Tax

Problem

Residential finance costs restriction not being calculated for 2019/20 in Personal Tax

Resolution

This is due to be fixed in version 19.2.0 of IRIS which is scheduled in July 2019. As a work around, could you please do the following: – • Go to Income Tab | UK Land and Property | UK Property Income | Expenses Tab • Select Type 17 Finance Charges • Tick the box ‘override’ – manually amend the figure

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