Buy-to-let tax guide: Will Section 24 mortgage interest rules put you in the red?

Martina LeesTaxLeave a Comment

Thanks to the Great Buy-to-let Bashing, mortgage interest payments – a legitimate cost of doing business – are no longer tax deductible. The innocuous-sounding “Section 24” tax rule was billed as a way to give first-time buyers a leg up against investors. (In 2015, the then Chancellor also slapped an extra 3% on stamp duty on all buy-to- let purchases. … Read More