2020 Tax on rental income

Changes to the taxation of rental incomce

Didn't find your answer?

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?

Replies (2)

Please login or register to join the discussion.

RLI
By lionofludesch
15th Apr 2017 18:39

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.

Thanks (0)
avatar
By Accountant A
16th Apr 2017 12:16

Suspect it's oversimplified/misreported reference to interest relief changes.

Thanks (0)