Sarah Bradford explains the rules governing tax relief for interest and finance costs.
Landlords whose current fixed-rate mortgage deals have come to an end are likely to be facing a hike in mortgage interest costs when they remortgage. For landlords with standard variable rate and tracker mortgages, interest costs have been rising steadily for some time.
When it comes to tax relief for mortgage and finance costs, all types of letting are not equal as the way in which relief is given and the amount of that relief depends on the type of letting.
Unincorporated landlords with residential lets
The rules governing relief for interest and finance costs incurred by unincorporated landlords with residential lettings (other than furnished holiday lettings) are less generous than for other types of lettings. Unincorporated landlords are no longer allowed to
