Tax relief curbs threaten landlords

 Tax relief curbs threaten landlords

Harris & Co chartered accountants Northampton warn that buy-to-let investors face shrinking profits over the coming years thanks to rising mortgage rates and higher taxation, with many investors rethinking the viability of their business as a result. The Northampton accountants say that cutting the tax relief that landlords can claim on their mortgage interest is illogical. “Businesses are allowed to deduct finance costs from their taxable profits, and landlords should be allowed to do so too,” the Northampton accountants state.