The tax relief that landlords of residential properties get for finance costs is being restricted to the basic rate of Income Tax. This is being phased in from 6 April 2017 and will be fully in place from 6 April 2020.

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From the 2020 to 2021 tax year, the 100% phased in element of the loan cost is dealt with by a reduction in the basic rate allowance.
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On SimpleTax under Property Expenses,

Select - MORTGAGE INTEREST & RELATED BANK CHARGES
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Add the expenses category LOAN INTEREST PAID
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Enter 100% of the interest paid at Box 44.
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Please see the following link for further guidance:

https://www.gov.uk/guidance/changes-to-tax-relief-for-residential-landlords-how-its-worked-out-including-case-studies

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