From April 2017 around 440,000 landlords who currently pay the basic rate of tax will be forced into a higher tax bracket, according to the National Landlord Association.
The changes, which are due to be fully phased in by 2021, will mean landlords will no longer be able to deduct mortgage interest payments or any other finance-related costs from their turnover before declaring their taxable income.
Currently, mortgage interest payments are just one of a number of expenses that landlords can deduct as a business cost.
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