Section 24 mortgage interest relief cap mans that landlords owning buy-to-let properties in their own name will pay more tax. This is because HMRC do not allow UK landlords to offset mortgage interest as a cost against their rental income. UK Landlords incorporating properties into a limited company to save property tax | Capital Gains Tax (CGT) & Stamp Duty Land Tax (SDLT). Corporation tax is much less than income tax
October 26, 2022Section 24 mortgage interest relief cap mans that landlords owning buy-to-let properties in their own name will pay more tax. This is because HMRC do not allow UK landlords to offset mortgage interest as a cost against their rental income. UK Landlords incorporating properties into a limited company to save property tax | Capital Gains Tax (CGT) & Stamp Duty Land Tax (SDLT). Corporation tax is much less than income tax
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