Landlord tax relief changes explained
We're fast approaching 6 April 2020, when tax relief for finance costs for buy to let landlords will be restricted to the basic rate of income tax, currently 20%.
Also, as part of these changes the tax relief will be given as a reduction in tax liability instead of as a reduction to taxable rental income.
Help your clients to understand if they're impacted by the changes and how their profitability could be affected.