Landlord tax changes
Recent tax changes mean that unincorporated Landlords with high borrowings should start planning in now for phased loss of higher rate relief on interest expense from April 2017 with no interest relief being available in 2020/21. The 10% wear and tear allowance is now no longer available but replacement furniture should qualify for new replacement furniture relief. Further useful information is given below but we advise getting expert tax advice taking into account you and your families overall tax position and aims – contact us for a no obligation meeting to discuss matters further.
Phased loss of higher rate relief on interest expense
ARTICLE UNDER CONSTRUCTION.. TO BE CONTINUED