Residential property income - tax changes ahead
The details The change will be phased in from 2017/18, with transitional rules until 2020/21. During the transitional years, the amount of the tax deduction from rents will reduce and the proportion of loan interest that will only qualify for basic rate tax relief will increase. In the transitional years landlords will be able to claim: 2017/18 - 75% of the interest against rents, 25% basic rate tax relief 2018/19 - 50% of the interest against rents, 50% basic rate tax relief
