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How will the Section 24 Property Tax affect me?

View profile for Joanne Druce
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The introduction of Section 24 means landlords make less business profit - the pitfalls explained

 

We were at the Havering Landlord and Property Expo today at the CEME Conference Centre.

There have been significant changes in legislation with the introduction of the Section 24 tax bombshell.

From 6th April 2017 you can no longer claim your mortgage finance against your rental income.

If you are a landlord and would like to know how this will affect you please contact us. You need to be legally ready for this change.

Landlords will see dramatic changes to their profits as early as January 2018 which will only get worse each year up to 2020 when the scheme is in full force.

With our advice we can hopefully provide the foundations to enable you to move forward in the most tax efficient way.

Call Joanne Druce on 01708 745183 to discuss more or click here 

 

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