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Landlords report impact of tax changes

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The January 2019 tax self-assessment deadline was the first time that landlords reported under new mortgage interest rate tax rules. We asked a panel of 200 experienced landlords to quantify the impact.

Mortgage interest tax relief for buy-to-let landlords is being phased out over a four-year period and replaced with a basic rate tax credit. In the 2017-18 tax year, landlords could deduct 75% of mortgage interest costs from rent. This was reduced to 50% in 2018-19. It will fall to 25% in 2019-20 and then to zero.

Mortgage intermediaries can find out more about Paragon’s range of buy-to-let mortgages here.

 

25 March 2019

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Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551