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Companies are not restricted like individuals on the interest they can deduct.
Those new rules only apply to individuals with residential property businesses.
The basic rate deduction is up to 20% of the disallowed finance costs. The deduction is restricted when:
Property profits are less than finance costs, the deduction is limited to 20% of the property profits. The reduction does not reduce tax payable on other sources of income.
There are property losses brought forward these must be set against property profits and could reduce the taxable profit to less than the finance costs. Here the deduction is limited to 20% of the taxable profits.
Total income (excluding any savings or dividend income which are taxed as top-slices) is low, so that some or all of the rental profits fall within the personal allowance, the deduction is restricted to 20% of the profits that are actually taxed.