The Big Landlord Tax Increase. How to Beat the Cut in Mortgage Tax Relief - 2019/20 edition 12+

📙 ­Publication date: May 2019 – Plain English guide with dozens of examples and tax planning tips.Many landlords will see their tax bills increase significantly as the tax relief on buy-to-let mortgages is reduced further.The way the change has been designed also means that many landlords who have been basic-rate taxpayers in the past will end up paying tax at 40%. Some landlords will face other tax stings, including losing their child benefit and income tax personal allowance and paying tax at the 45% additional rate on some of their income.In some cases the result will be a significant drop in income (50% in one of the examples).This guide explains how the new rules operate and what you can do to beat the tax increase, including:

• Transferring properties to your spouse/partner


• Using a company


• Selling property


• Reducing your buy-to-let mortgages


• Using alternative investment structures


• Increasing or postponing tax deductible expenses


• Bringing forward finance costs


• Taking bigger dividends now (if you have another company business)


• Becoming non-resident


• Making pension contributions