The chancellor's speech contained a number of surprises, but for landlords it was a particular shock. We look at the impact on property investors' pockets Britain's two million buy-to-let landlords could see at least half of their profits wiped out by the chancellor's surprise raid on mortgage tax breaks in this week's budget. Early figures prepared for Guardian Money by reputable lenders and mortgage brokers indicate the devastating impact that the cut in tax relief from 40% to 20%, to be phase...
Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits
The Guardian - 11 Jul 2015 10:00
The chancellor's speech contained a number of surprises, but for landlords it was a particular shock. We look at the impact on property investors' pockets Britain's two million buy-to-let landlords could see at least half of their profits wiped out by the chancellor's surprise raid on mortgage tax breaks in this week's budget. Early figures prepared for Guardian Money by reputable lenders and mortgage brokers indicate the devastating impact that the cut in tax relief from 40% to 20%, to be phase...
Share this Article
Recommended