Tax implications for the Nuneaton Landlord??

tax-implications

Well the last few weeks have been rather manic for Nuneaton landlords, some of whom we manage their properties and other landlords who read our Nuneaton Property Blog, have been sending me emails or picking the phone up to me about the new rules on buy to let taxation announced in the recent budget.  George Osborne confirmed in the recent summer budget that the tax relief given to landlords on mortgage interest payments, on their buy to let (BTL) properties, would be reduced over the coming years for higher rate income tax payers. The Chancellor said the tax relief that private buy to let landlords (who pay the higher rate of income tax) would change in 2017 from the current 45%/40% and would steadily reduce over the following four years to the existing 20% by 2020. Continue reading “Tax implications for the Nuneaton Landlord??”