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HomeLandlordLANDLORDS FACE RISING TAX BURDEN

May 10

LANDLORDS FACE RISING TAX BURDEN

Incoming regulatory changes concerning Private Residence Relief (PRR) will place a higher tax burden on landlords – this move comes on top of the phasing-out of mortgage interest tax relief. A report claims as many as 24 per cent of landlords were considering selling properties, as a way of coping with higher tax burdens.

Article by Propertynotify.co.uk

 

Landlords Face £470m in Additional Taxes Due to Incoming Policies

Incoming regulatory changes concerning Private Residence Relief (PRR) will place a higher tax burden on landlords – this move comes on top of the phasing-out of mortgage interest tax relief. The government announced proposals to scrap tax relief on landlords in its 2018 Budget.

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