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What are the tax rules on landlord’s mortgage interest?#AskAMS

Tax on rental income relief is gradually being phased out which will affect buy to let higher rate taxpayers with mortgages.

If you are a buy to let landlord the let property mortgage interest relief is being phased out, so it could be more beneficial to buy a property through a Limited Company because you will still get tax relief in full on the mortgage interest. From 2020/2021 this will be completely phased out and a deduction of 20% of the mortgage interest will be given against the tax due.

AMS Accountancy Swindon and Wiltshire

AMS Accountancy Ltd

AMS Accountants in Swindon provide a complete accountancy service for small businesses in Wiltshire and a monthly accountancy service for contractors throughout the UK.

Delta 606, Welton Road, Swindon, SN5 7XF

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