![]() ![]() Interest on a buy-to-let residential mortgage can only be partially offset against income tax and is limited to the 20% basic rate of income tax. ![]() Over the past few years, the tax benefits of holding a residential rental property personally have been reduced, which has impacted the bottom line of many landlords. So, what's behind this surge in incorporations? Simply put, tax changes. In fact, according to recent analysis, a whopping 47,000 new limited companies were set up by buy-to-let landlords in the last 12 months, marking a 14% increase on the previous year. However, many are not taking this lying down and are looking at ways to protect their profits. ![]() The buy-to-let property market has seen some significant changes lately, with landlords having to navigate challenging market conditions and less favourable tax regimes. ![]()
0 Comments
Leave a Reply. |