What is classified as a finance cost and non-finance cost

The tax rules changed relating to Interest relief changed in relation to financial costs. What is classified as a finance cost and what is not? What is the impact and understand where it all comes from?
In this video, you will discover:
What is the impact of Section 24 on your finance costs?
Why should we care whether a cost is classified as a Finance Cost or not?
Where do these rules come from?
What is a finance cost?
What are the oddities and exceptions to the rules?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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[@andrewdove2303]

Great video Kimberley. Thanks for the clarification that you provide on classifying finance costs correctly.

[@kimberleyshapcottpropertytax]

Glad it was helpful!