November 11, 2020

Anna Murray 

Buy to let is a British investment of buying a property and renting to others. Knowing the tax on buy to let property helps to keep the high revenue. 

There are stamp duty and income tax which includes Mortgage interest tax relief and Capital Gains Tax for the property of buy and let.  

A stamp duty is paid when purchasing the property above regulated price in England and Northern Ireland. What’s more, there is a regular stamp duty holiday until March 2021.

There is no mortgage interest tax relief for landlords anymore; however, a 20% amount of mortgage interest will be deducted for them.Property not exceed £150,000 no need to pay capital gains tax. Another way to keep away from capital gains tax is to invest in care home rooms and hotel rooms.  These are high profit property with capital gains tax reduction.

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