Restriction on Mortgage Relief for landlords

The changes are being phased in over
a 4-year period and will be in place by tax year 2020/21. Individuals, partnerships, trusts and executors of deceased estates will no longer be
able to deduct all their finance costs when calculating profits on residential letting.
Individuals will have tax relief restricted to the basic rate of income tax.
We have already provided details to our existing clients but these are available to new clients, if required.