See exactly how much Section 24 (the mortgage interest restriction) is adding to your tax bill — and how a limited company structure compares.
Section 24 of the Finance Act 2015 restricts mortgage interest relief for individual landlords to a flat 20% tax credit — regardless of your income tax rate. Higher and additional rate taxpayers can no longer deduct their full mortgage interest, significantly increasing their tax bill. Limited companies are not affected and can still fully deduct mortgage interest as a business expense. Landlord tax advice →
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