The finance cost restriction limits Income Tax relief on residential property mortgage interest and other finance costs to the basic rate of tax, currently 20%. This affects individual landlords letting residential properties, including those in partnerships or trusts. Companies and landlords of Furnished Holiday Lettings are not affected by this restriction.
Get a quick and free estimate for what your property could be earning you with Houst managing it. Then, book a call with our team to discuss it further.
Get A Quick Estimate (FREE)