Are you aware of the INCREASED TAX FOR LANDLORDS

You are here : Member Forums Tax Planning and Financial Are you aware of the INCREASED TAX FOR LANDLORDS
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R
RobT
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Many landlords are blistfully unaware of how the Tax Changes for Landlords announced in the Summer 2015 budget will affect them. Basically any mortgage interest payments will no longer be allowed as an expense to offset against rental income. So, by adding all mortgage payments to rental income, many landlords will be pushed in to a higher 40% tax bracket.

A campaign to fight this unfair tax has been started but it needs support from ALL LANDLORDS. Please refer to the following https://www.crowdjustice.co.uk/case/clause24/ to check out the detail and pledge your support.
29/12/2015 14:26 - Report - Thank this member

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