I read in 'The Week' magazine an article in the 'Making Money' section that was news to me. Whilst there has been widespread notification of the changes to allowable mortgage interest costs to be phased in over the next 3 years, I hadn't heard about another change due to come in in 2020. Quoting directly from the magazine :-
'From 2020, the tax due will be levied on rental income, rather than actual profit - meaning that, in some cases, landlords "will be taxed on non-existent profits".
Have I missed something?
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Well, if it's true, it's yet to be legislated.
It isn't true that you'll get no interest relief. True - many folk won't get as much relief but those who remain basic rate taxpayers won't be affected.