Mortgage Interest Tax Relief (MITR) for landlords is being phased out over a four-year period, starting in the 2017/18 tax year and ending in 2020/21. It’s being replaced with a basic rate tax credit on finance costs and is expected to result in a significant jump in tax costs for many landlords.
The information in this infographic is intended for general information purposes only and should not be used as a substitute for professional advice. Landlords and investors should seek independent advice from a qualified tax adviser and discuss options available for their individual portfolios.
14 January 2019