On 6th April 2017 the way that tax relief on finance costs is allowed for landlords is going to be restricted.
The restriction will be phased in over 4 years and will impact all landlords whose income falls in the higher rates of tax band. If you are a basic rate taxpayer you would be unaffected by these changes. It is worth noting though that the change alone might result in you becoming a higher rate taxpayer even if you are currently a basic rate taxpayer.
We have prepared an article regarding these changes and their impact. If you would like to read up on these changes please click the link below.
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