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Landlord losing mortgage interest allowance

  • Member PM.Dip
  • Practice Licence
  • 36 posts
  • # 113918

Morning all,

I got an email yesterday from a new client (so new I haven't started work yet) asking if it was true that landlords will soon not be able to claim the interest on a mortgage against rental income for tax purposes.  I thought surely this can't be true as the private landlords rely on this relief from the buy-to-let mortgages.

 

From what I have read so far, this is being phased in from April 2017.  Really???

 

Steph

  • Member PM.Dip
  • Practice Licence
  • 36 posts
  • # 113919

Done some further reading...

"Simple" is obviously not a word in HMRC/Gov dictionary!!

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

 

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