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

Around 440,000 landlords who pay the basic rate of tax will be forced into a higher tax bracket from April next year, according to the National Landlord Association.

The changes, 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 one of a number of expenses that landlords can deduct as a business cost.

Contact our advisers today on 01202 937444 or visit our other websites to speak to a mortgage broker in Reading or a mortgage broker in Bournemouth.

The Financial Conduct Authority does not regulate tax advice.