Reduced tax relief for buy-to-let landlords
Buy-to-let landlords face new challenges in the months ahead after the chancellor announced in his latest budget that he would be reducing tax relief for investors.
It was announced in the budget that from April 2017 landlords would be unable to receive tax relief worth up to 45% of interest payments on their buy-to-let mortgages, with the maximum relief to be capped at 20%.