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Posted on 01/08/2015 by Sulgrave Estates

Chancellor changes tax relief for landlords

George Osborne made some key changes on tax relief for landlords in his recent budget. The amount of tax relief available on interest only mortgages will be restricted to the basic rate of tax (currently 20%). This will be introduced gradually over four years starting in April 2017. The measure is intended to address the unfairness of the current system where homeowners receive no tax relief on ...