Brief

On March 19, 2025, HMRC updated guidelines on tax relief for residential landlords. The changes restrict finance costs to basic rate tax, affecting individual UK residents who let properties in the UK or overseas, and individuals who let properties in partnership. Finance costs include interest on mortgages, loans, overdrafts, and other incidental costs for getting or repaying them.

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Her Majesty’s Revenue and Customs (HMRC)

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