Holiday Let Mortgage Section 24 Impact UK

Understanding Section 24 and Its Implications Section 24 of the Finance (No. 2) Act 2015 represents a significant shift in the taxation of buy-to-let properties in the UK, particularly affecting landlords who rely on mortgage interest tax relief. This legislation was introduced to limit the amount of tax relief that landlords can claim on their […]

The Impact of Section 24 on Buy-to-Let Mortgages

A graph showing the decline of buy-to-let mortgage approvals post-Section 24 legislation.

Understanding Section 24 Section 24 of the Finance (No. 2) Act 2015 introduced significant changes to the way landlords can claim tax relief on mortgage interest for buy-to-let properties in the UK. Effective from April 6, 2017, this legislation aimed to restrict the tax relief available to landlords by phasing out the ability to deduct […]