Changes to Tax Relief on Let Property by Martin Neve, Partner at Kreston Reeves
In the Summer Budget 2015 George Osborne announced two major changes to the tax relief available to landlords of residential property. The unexpected restriction of tax relief for mortgage interest was sufficiently tough to see a drop in the share price of some home builders and banks specialising in buy-to-let mortgages.
The changes in tax relief available to landlords, which will be introduced from April 2016, are examined here.
