If you own or are considering acquiring one or more buy to let properties, you will be thinking about buy to let properties taxation. This includes whether you should purchase the properties in your own name or through a limited company. Incorporation may seem more attractive following the announcement of tax relief restrictions on mortgage interest incurred on personally owned rental properties.
From 6th April 2017, the amount of relief available for mortgage or loan interest paid is progressively restricted. By 5th April 2020, interest will not be allowable in calculating taxable profit, but the resulting tax liability will be reduced by 20% of the interest paid. … Continue Reading
