UK Buy to let Landlords to lose Income Tax Relief

The 2016 UK Budget – Buy to let Mortgages..

Income tax relief enjoyed by landlords will be cut to the basic rate of just 20% with a gradual phase in from 2017.

The Daily Telegraph states this:

Currently interest payments of £100 only cost £55 after tax relief, but will cost £80 from 2020.
A landlord who borrows at even a modest level might end up paying more in tax than he makes in profit.

36.1 - 822,615
Scroll down for Comments
0 0 votes
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x