Can I still claim any part of my buy-to-let mortgage interest against my rental income after Section 24, or is it solely a basic rate tax credit now, and how does that work in practice?
Quick Answer
No, individual landlords cannot deduct mortgage interest from rental income due to Section 24. Instead, you receive a basic rate tax credit of 20% of your finance costs.
About This Topic
Learn how Section 24 impacts BTL mortgage interest relief for UK landlords. Understand the 20% basic rate tax credit and its practical application.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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