My accountant says Section 24 will wipe out all my rental profits this year. Are there any legitimate, actionable strategies for a portfolio landlord with 5+ properties to mitigate Section 24 tax liabilities without selling up or transferring to a company?
Quick Answer
Section 24 has removed mortgage interest relief for individual landlords. Strategies include rent increases, expense optimisation, and potentially reclassifying suitable properties as Furnished Holiday Lets, which retain full mortgage interest deductibility.
About This Topic
For UK portfolio landlords, Section 24 impacts profitability by disallowing mortgage interest deductions. Learn strategies to mitigate, from rent increases to using Furnished Holiday Lets, to protect your BTL returns.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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