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Buy-to-Let Tax Increases for Higher Rate Payers

Higher rate tax payers with buy to let properties are potentially going to be affected by tax rises that were announced in the recent budget.

Over a four year period starting in April 2017 the amount of mortgage interest tax relief available will be cut. This will eventually result in only half the amount of the interest paid, being able to offset against the property rental income. Over the next few years therefore, there are opportunities to review property portfolios and if you need advice on this matter please get in touch with us.