Self Occupied House Property

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From the financial year 2019-2020, UK homeowners can now declare up to two properties as self-occupied when filing their income tax returns. Any additional properties owned will be treated as let out for tax purposes under the Income Tax Act, 1961. This change was introduced by the Finance Act 2019.

A K SARMA

A K SARMA (Querist)
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24 January 2020 Pl. advise whether two Self occupied properties can be declared for the FY-2019-2020

regards,
A K Sarma

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 January 2020 Yes, per section 23(4) as amended by Finance Act,2019.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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24 January 2020 From the FY 2019-20, a homeowner can claim his 2 properties as self-occupied and remaining house as let out under the Income tax act, 1961 while filing the IT Return.

A K SARMA

A K SARMA (Querist)
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24 January 2020 Dear Experts,
Thank you very much for clarifying the query.
regards,
A K Sarma

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