For most landlords across the country January 2019 will have been the first tax return that has felt the impact of the new buy-to-let tax changes, most notably Mortgage Interest Relief. Landlords have previously been able to claim 100% Mortgage Interest Relief (MIR) for rental properties, but this year that has been reduced to just 75% with the remaining 25% of mortgage interest qualifying for 20% tax credit, as the new regime kicks in.
As this direction of travel led by HMRC continues, join this webinar for an update on the changes, a recap of the rules and practical examples of how the relief will affect landlords.
The webinar will touch upon the following;
- Buy-to-let Tax update with a focus on Mortgage Interest Relief
- The Rules
- Tax implications for landlords (case studies)
- How we can help?
The webinar was led by Chris Springett, Partner, Smith & Williamson. Chris provides proactive advice on income tax, capital gains tax and inheritance tax issues to executives, senior employees and partners, with a specific focus on the legal and financial services sector. Chris also specialises in advising on UK residential property, particularly the relief from capital gains tax for the family home.