The last few years have seen many people invest in Buy to Let properties. However a shock announcement in this summer’s budget may well make this option less attractive for many. In brief, taxpayers will only be able to claim tax relief on their mortgage interest payments at the basic rate of tax. This will affect individuals who are already higher rate taxpayers, and could also increase the tax bills of those who are close to the upper limit. If you are a buy to let investor and would like to discuss how these changes will affect you please get in touch.
Buy to Let Investors – What is the Best Way Forward?
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