This calculator will outline how much of a landlord's rental income will be taxable each year up until 2020/ 2021. There are three options, which show the various impacts that the scrapping of mortgage interest relief (known as Section 24) will have on landlord tax. This will depend on whether landlords are an individual on basic rate tax, an individual on higher rate tax or use a limited company to manage rental property.
Basic rate tax payer
Higher rate and additional rate tax payers
No restrictions on mortgage interest
| Tax Year | Mortgage Interest | Mortgage Interest Restriction | Taxable Profit |
|---|---|---|---|
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