Buy to let, what can i claim against tax?

There are several allowable expenses that you can claim against tax when owning a buy to let property. These allowable expenses can include interest on your buy to let mortgage, council tax, property insurance, maintenance and property repairs, and legal and management fees

The 2015 Summer Budget has reduced the amount of tax relief that is available for interest on buy to let mortgages from April 2017.
Prior to April 2017, tax is payable on your net rental income after deducting allowable expenses including mortgage interest. This meant that landlords paying higher (40%) or additional (45%) rate tax could claim tax relief at their highest rate.
However, from April 2020 tax relief can only be reclaimed at the basic rate (20%), whatever rate of tax the landlord pays. The rules are being phased in over 4 years commencing April 2017.

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My solicitor just called me to confirm the purchase is now completed. This is fantastic! My husband and I want to thank you for all your hard work, especially Sue for her professional, punctual and productive work through the whole purchase. This is the 2nd time we work together and has been a very happy one. I will come back to you next time for the next project

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