Relief on mortgage interest

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Ludwig
Posts: 19
Joined: Fri Nov 27, 2015 10:58 am
Location: North Norfolk

Relief on mortgage interest

Post by Ludwig »

Currently, mortgage interest can be deducted from rentals when calculating taxable profit.

For buy-to-let landlords, this relief will be withdrawn gradually from April 2017.

My understanding is that FHLs will not be affected, but will be able to continue to deduct mortgage interest in full.

Does anyone know whether or not this is so?
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Casscat
Posts: 2692
Joined: Sat Jul 05, 2014 10:43 pm

Post by Casscat »

Relief for mortgage interest on all investment properties will be restricted to basic rate from April 2017 other than for qualifying furnished holiday lets: https://www.gov.uk/government/news/chan ... -landlords
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