Landlords with Buy to Lets – Higher Rate Tax Relief

From next year, the higher rate tax relief is being phased out between 2017 and 2020 and being replaced with a tax credit. The impact and consequences of this are far reaching and it is currently the 'Elephant in the Room' that nobody is talking about. Barclays have just revised their rental income calculations to 145% at 5.5% interest rate which in their words are being "introduced as a result of the reduction in landlord tax relief"

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