Landlords slam tax changes as 440,000 face 2017 rate hike

20th October, 2016

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.

To see how we can help, contact our advisers today on 01202 676983.

Poole Office

01202 676983

[email protected]

North House, Braeside Business
Park Sterte Avenue West, Poole
Dorset, BH15 2BX

Financial Planning

Evolve

Advance

Maximise

What we do

Financial Planning

Sustainable Investments

Mortgages

Life Insurance & Protection

Website by Freestyle

Baggette & Company Wealth Management Limited is registered in England & Wales no. 7138035. Registered Office at North House, Braeside Business Park, Sterte Avenue West, Poole, Dorset, BH15 2BX. Baggette & Company Wealth Management Limited is authorised and regulated by the Financial Conduct Authority no. 522193. The Financial Conduct Authority does not regulate Tax planning, Estate planning, Inheritance Tax Planning or Trusts and Will writing.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. Investing involves risk and the value of investments and the income from them may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.

Articles on this website are offered only for general informational and educational purposes. They are not offered as and do not constitute financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional.