For a higher-rate taxpayer, what are the specific implications of Section 24 on my overall tax liability, and what property investment models (e.g., HMOs) might be more tax-efficient under the current rules?
Quick Answer
Section 24 prevents individual landlords from deducting mortgage interest, impacting higher-rate taxpayers significantly. To mitigate this, consider investing through a limited company or exploring HMOs for higher yields.
About This Topic
Higher-rate taxpayers face significant Section 24 implications. Learn how it impacts rental income and explore tax-efficient property investment models like limited companies & HMOs.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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