{"id":50580,"date":"2017-04-01T13:00:17","date_gmt":"2017-04-01T06:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-tax-relief-cut-doesnt-add-up-for-buy-to-let-landlords\/"},"modified":"2017-04-01T13:09:43","modified_gmt":"2017-04-01T06:09:43","slug":"mortgage-tax-relief-cut-doesnt-add-up-for-buy-to-let-landlords","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-tax-relief-cut-doesnt-add-up-for-buy-to-let-landlords\/","title":{"rendered":"Mortgage tax relief cut doesn\u2019t add up for buy-to-let landlords"},"content":{"rendered":"


\nTenants are being turfed out as tax changes beginning in April make it increasingly hard for owners to profitToday will see two of buy-to-let landlord Jamie Brewis\u2019s tenants \u2013 a couple in their 60s \u2013 having to move out of the bungalow that has been their home for the past four or so years. They didn\u2019t want to go, and were good tenants. But Brewis says he had no choice but to give them notice, thereby forcing them to find somewhere else to live, because of major tax changes being phased in from this Thursday.Brewis says he has decided to sell the property because the cut in tax relief on mortgage interest payments for buy-to-let landlords means that in this particular case the maths no longer stack up, and he would end up making a net loss. With what he is paying on the mortgage, against the rent he receives, he says the result will be that \u201cI am not earning anything out of it \u2013 in fact, it\u2019s costing me money.\u201d Continue reading…
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\nSource : theguardian.com
\nRead more…Mortgage tax relief cut doesn\u2019t add up for buy-to-let landlords<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tenants are being turfed out as tax changes beginning in April make it increasingly hard...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-50580","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-d9O","jetpack-related-posts":[{"id":16062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-let-landlords-likely-to-increase-rents-to-offset-higher-costs\/","url_meta":{"origin":50580,"position":0},"title":"Buy-to-let landlords likely to increase rents to offset higher costs","date":"June 10, 2016","format":false,"excerpt":"\r Tenants \u2018will feel brunt\u2019 as property investors are hit by new stamp duty and tax relief cut, says lenderMany tenants renting privately are likely to be hit with rent increases following changes to the tax regime for landlords, according to a report to be published this Friday.Research by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lots-of-us-are-very-anxious-why-britains-buy-to-let-landlords-are-selling\/","url_meta":{"origin":50580,"position":1},"title":"\u2018Lots of us are very anxious\u2019: why Britain\u2019s buy-to-let landlords are selling","date":"February 24, 2023","format":false,"excerpt":"\r UK rent and rate rises plus tougher rules are fuelling a crisis for both tenants and owners\u2018Massive shock\u2019: the tenants facing eviction as landlords hike rent or sell upDesigner Philip Harris, 42, who has properties in south and east London, became a landlord by accident after meeting his now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1819,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/osborne-drops-tax-bombshell-that-will-wipe-out-bulk-of-buy-to-let-profits\/","url_meta":{"origin":50580,"position":2},"title":"Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits","date":"July 11, 2015","format":false,"excerpt":"\r The chancellor\u2019s speech contained a number of surprises, but for landlords it was a particular shock. We look at the impact on property investors\u2019 pocketsBritain\u2019s two million buy-to-let landlords could see at least half of their profits wiped out by the chancellor\u2019s surprise raid on mortgage tax breaks in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-a-healthy-buy-to-let-profit-could-soon-become-a-painful-loss\/","url_meta":{"origin":50580,"position":3},"title":"How a healthy buy-to-let profit could soon become a painful loss","date":"December 10, 2016","format":false,"excerpt":"\r Major changes to the way income from property rentals is taxed could see some people paying up to three times more. We do the mathsThe amount of tax owed by many buy-to-let landlords will double or even triple as a result of changes being phased in from April, it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rate-crisis-driving-record-rent-squeeze-as-landlords-pass-higher-costs-on-to-tenants\/","url_meta":{"origin":50580,"position":4},"title":"UK mortgage rate crisis driving record rent squeeze as landlords pass higher costs on to tenants","date":"June 24, 2023","format":false,"excerpt":"\r Homelessness charity says hundreds of thousands of people could be left unable to cover their rent and at risk of losing homesBusiness live \u2013 latest updatesMillions of renters across the UK are being squeezed by landlords passing on higher mortgage costs to their tenants, contributing to record rent increases\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasury-weighs-up-tax-break-for-landlords-who-sell-to-generation-rent\/","url_meta":{"origin":50580,"position":5},"title":"Treasury weighs up tax break for landlords who sell to generation rent","date":"October 8, 2018","format":false,"excerpt":"\r Thinktank draws up plan at time when 40% of young adults are unable to buy a homeThe chancellor, Philip Hammond, is considering using this month\u2019s budget to introduce a \u201cgood landlord\u201d tax break rewarding investors who sell properties to sitting tenants amid a housing crisis that has left 40%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50580"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=50580"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=50580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=50580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=50580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}