Summer Budget Alert for Individual Landlords

If you are a landlord and a higher rate taxpayer, the 2015 Summer Budget contained policy changes that in some circumstances could undermine the future viability of your property business.

From April 2017, changes will be gradually introduced to restrict the tax relief you can obtain for finance costs (such as mortgage interest).  By April 2020 all financing costs will only attract relief at 20% – the basic rate of Income Tax.

The change will be introduced on a phased basis between these two dates to allow individual landlords time to adjust.

The exact impact of these changes will depend on your individual circumstances, as will possible solutions.  As a first step, Jameson Accounting Services will offer a free no-obligation initial discussion.  During this discussion we will look to understand your current situation in sufficient detail to allow us to outline some possible strategies, if they are required, to mitigate the impact of the changes.

To book your initial discussion, call us on 07974 825093 or complete the contact form on this website.