Can limited company landlords deduct mortgage interest as an expense?

Yes. Limited company SPVs (Special Purpose Vehicles) are exempt from Section 24 and can deduct 100% of mortgage interest as a standard business expense before Corporation Tax.

What other expenses can individual landlords still deduct?

Landlords can still deduct letting agent fees, landlord insurance, council tax/utilities paid by landlord, and general property maintenance/repairs.

Royaume-UniSection 24 Landlord Mortgage Tax RestrictionFinance

UK Buy-to-Let Mortgage Tax (Section 24) Landlord Calculator

Calculate individual private landlord income tax under HMRC Section 24 rules (taxed on full gross rental turnover with a 20% basic rate finance cost tax credit instead of deducting mortgage interest as an allowable expense).

Immobilier et Propriétés Bailleurs et Investissement Locatif Impôts et Taxes

Données du Simulateur

En temps réel

Annual Gross Rental Income (£)

Sélection rapide :

Annual BTL Mortgage Interest Paid (£)

Sélection rapide :

Allowable Operating Expenses (Insurance, Repairs, Agency Fees) (£)

Sélection rapide :

Landlord Personal Marginal Income Tax Band

Résultat CalculéSection 24 Landlord Mortgage Tax Restriction

Net Annual Landlord Cashflow in Pocket (After Mortgage & Section 24 Tax)

£2,880

Total HMRC Tax Payable on Rental Property

£4,720

20% Mortgage Finance Cost Tax Credit Received

£1,680

Détail du Calcul

Taxable Rental Profit

£16,000

Gross Tax (40%)

£6,400

20% Tax Credit

£1,680

Net Landlord Profit

£2,880

Méthodologie de Calcul

Taxable Rental Profit = Gross Rent - Property Running Costs. Gross Tax = Taxable Profit * Marginal Tax Rate%. Tax Credit = Annual Mortgage Interest * 20%. Net Tax Payable = Gross Tax - Tax Credit.

Avertissement Légal et Pédagogique

Under Section 24, higher-rate and additional-rate landlords pay tax on gross rental profit, frequently pushing landlords into higher income tax brackets.

Ce simulateur est conçu à des fins éducatives et informatives. Les résultats ne constituent pas un conseil financier, fiscal ou juridique contraignant.

Foire Aux Questions

Section 24 prevents landlords from deducting mortgage interest from rental revenue. Instead, landlords pay tax on gross profit and receive a basic 20% tax credit on finance costs.

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Royaume-Uni

UK Buy-to-Let Mortgage Tax (Section 24) Landlord Calculator

Données du Simulateur

Détail du Calcul

Méthodologie de Calcul

Avertissement Légal et Pédagogique

Foire Aux Questions

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