I own an HMO. Does Section 24 affect HMO landlords in the same way as standard BTLs, or are there specific exemptions or additional calculations I need to consider for my mortgage interest relief?
Quick Answer
Section 24 impacts HMO landlords identically to standard BTL landlords, disallowing mortgage interest deduction from rental income and replacing it with a 20% basic rate tax credit.
About This Topic
Section 24 affects all UK HMO landlords, disallowing mortgage interest deduction and replacing it with a 20% tax credit. Calculate post-tax cash flow for accurate profitability.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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