As a new buy-to-let landlord with two properties, how exactly does Section 24 affect the mortgage interest relief I can claim, and what's the most tax-efficient way to structure my finances now?
Quick Answer
Section 24 eliminates mortgage interest deduction for individual landlords, replaced by a 20% tax credit. For tax efficiency, consider holding properties in a limited company, where interest is an allowable expense.
About This Topic
Understand how Section 24 affects your buy-to-let mortgage interest relief and explore tax-efficient structuring, including limited companies, for UK landlords.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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