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.
If you're unsure about cookies, what they are and how to protect yourself from harmful cookies, please see our Cookie Set Up information page.OK