Beyond the direct mortgage interest relief changes, what other less obvious financial implications or planning considerations should I be aware of due to Section 24 for my long-term property investment strategy?
Quick Answer
Section 24 prevents individual landlords from deducting mortgage interest, impacting higher-rate taxpayers more significantly. This can create 'phantom income', pushing landlords into higher tax brackets and affecting overall debt serviceability calculations and long-term portfolio growth strategies.
About This Topic
Section 24 impacts UK landlords beyond direct mortgage relief changes. Learn about phantom income, tax bracket shifts, and the need for new financial planning strategies. From April 2020, individual landlords get a 20% tax credit on finance costs.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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