Mortgage product fee - can it be treated as expense for rental property?

[maggiethecat]

I'm about to do my 20/21 returns rather than wait to January

Has it ever been the case that product fees can be deducted? Even if so, what is the current position given the new tax rules?

Not giving tax advice but tax relief on finance costs is restricted to basic rate on rental property (which is owned by an individual) and excludes furnished holiday let’s.

Thanks @ForensicAccountant
Not accepting tax advice but does that mean that I would get 20% off £2000 arrangement fee, ie £400 meaning that I would be taxed on £1600?

I've also looked at 20/21 return form and box 26 is no longer "allowable loan interest and other finance costs" but is now "non residential property finance costs". I wondered if that meant that finance costs would no longer be considered.