The Impact of Recent Tax Changes on Property Investments: What Accountants Want You to Know

The property market has always been a lucrative avenue for investors, but with frequent changes to tax laws, navigating this landscape has become more complex than ever. Recent adjustments in property taxation are reshaping the way landlords, developers, and investors approach their portfolios. Understanding these updates is critical to safeguarding your returns and ensuring compliance. This is where expert guidance from accountants for property investors becomes invaluable. Changes in Mortgage Interest Relief One of the most significant changes in recent years has been the restriction of mortgage interest relief. Previously, landlords could deduct mortgage interest payments from rental income before calculating tax. Now, this has been replaced with a flat 20% tax credit, which has had a major impact on higher-rate taxpayers. Investors with multiple properties may find their profits reduced, making efficient tax planning more essential than ever. Capital Gains Tax Adjustme...