Rental Property Income Tax Finance Interest Expenses Relief
Published / Last Updated on 28/06/2017
Video explores the changes to finance, mortgage and loan interest payments with the restrictions on expenses relief for this. Tax on rental income changed in 2017 with a restriction on loan/finance interest expenses relief being phased in. Full expense tax relief on 75% of finance expenses (2017), 50% (2018), 25% (2019) and 0% (2020) with the balance 25% (2017), 50% (2018), 75% (2019) and 100% (2020) restricted to a 20% tax credit only. Try our Rental Income Tax Calculator.
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