Change in allowable interest for rental income

corktim

Registered User
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172
Hi all

Just wondering if anyone has heard of any proposed changes to the existing 75% interest rule in the budget?
 
Looks very unlikely... with so little available for tax reductions, the pressure seems to be coming on to widen inheritance tax allowances or reduce rates (for some reason). We've also got this new FTB relief in the news today. Given the change to 100% of interest for social tenants last year, it's be too soon politically to give anything to the 'big bad landlord'.
 
Well, I guess LLs will benefit from the proposed FTB grant/relief to the extent that it boosts the capital value of their properties.

Depressing to see such economically brain dead policies being proposed so soon after our world beating property bubble/crash.
 
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