Interesting article here for all the BTL landlords.
IMLA Executive - Peter Williams argues “Reducing landlords’ mortgage tax relief is likely to prove a populist measure but the idea that tax benefits have been a big driver for growth in the private rental sector is flawed.
Unlike homeowners, private landlords are still subject both to capital gains tax and tax on rental income, subject to allowable deductions for most costs. It also overlooks the fact that two in three properties entering the private rental sector since 2007 have done so without the support of buy-to-let mortgages."
Budget: 'Populist' cut to landlord tax relief not a 'great leveller' | News | Mortgage Strategy
IMLA Executive - Peter Williams argues “Reducing landlords’ mortgage tax relief is likely to prove a populist measure but the idea that tax benefits have been a big driver for growth in the private rental sector is flawed.
Unlike homeowners, private landlords are still subject both to capital gains tax and tax on rental income, subject to allowable deductions for most costs. It also overlooks the fact that two in three properties entering the private rental sector since 2007 have done so without the support of buy-to-let mortgages."
Budget: 'Populist' cut to landlord tax relief not a 'great leveller' | News | Mortgage Strategy
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