Property News · July 11, 2015

Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits


The chancellor’s speech contained a number of surprises, but for landlords it was a particular shock. We look at the impact on property investors’ pocketsBritain’s two million buy-to-let landlords could see at least half of their profits wiped out by the chancellor’s surprise raid on mortgage tax breaks in this week’s budget.Early figures prepared for Guardian Money by reputable lenders and mortgage brokers indicate the devastating impact that the cut in tax relief from 40% to 20%, to be phased in from April 2017, will have on returns. Continue reading…

Source : theguardian.com
Read more…Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits

You may also like...