Property Rental Income Tax and Section 24

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In recent years, UK landlords have been hit hard by the implementation of Section 24, which limits the amount of mortgage interest relief they can claim. This change has caused significant tax increases for many property investors. With the new rules, landlords can no longer deduct their full mortgage interest from their rental income before calculating their tax liability. Instead, they now receive a tax credit based on the basic rate of income tax, which has pushed many landlords into higher tax bands and reduced their profits.

If you own multiple properties, the implications can be substantial, especially when combined with other ongoing tax changes like adjustments to capital gains tax and stamp duty. As a result, many landlords are struggling to adapt to the new landscape and facing unexpected tax bills.

This video will break down exactly how Section 24 works, the impact on your finances, and most importantly, provide practical strategies for reducing your tax liabilities. Whether you are a seasoned property investor or new to the buy-to-let market, it's crucial to understand how this legislation affects your bottom line.

By the end of this video, you'll have clear, actionable steps to make informed decisions, with expert guidance on how to navigate the complexities of property taxation. Watch now to learn how to safeguard your investments and minimise your tax exposure.

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