Not a question, just an observation, the (2019) 50% restriction on mortgage interest for landlords has had the effect of increasing a client’s SL repayment, because it’s worked out on the increased income after the restriction is applied. So a double whammy for my client, who thought all his SL repayments had been dealt with through PAYE.
8th Jan 2020
Extra student loan repayment due
Landord’s mortgage interest restriction increases SL repayments
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And creates more higher rate taxpayers. Odd that a Conservative government dislikes private landlords so much.
Why are furnished holiday lets - which remove a property from the pool of available residential housing stock - given favourable tax status while residential lets (providing 'permanent' housing) are seen as so reprehensible they require a special punitive tax regime?
Yes. And more people into the HICBC.