Will I be a higher tax payer under the new tax rules?

[BusyLandlord]

I am not fully understanding how the new tax rules will effect me when the are fully implemented.

My rental income is £20k. This is after removing all expenses including interest payment. I pay £25k in interest on my 2x property's mortgage.

Under the new tax rules....

[BigPete]

Hi all,

I decided to join here as I'm trying to work out if renting my flat is a sensible option (while taking a 2nd mortgage for a new purchase) or not but would rather know all the facts before jumping in.

So with that said the 2020 tax laws have me querying something, all...

[chesskj]

A 15 year lease has just ended and it transpires that every quarter the rent was paid in arrears instead of in advance as stipulated in the lease. Is interest chargeable for the whole 15 years or is it limited by the general time limit of 6 years please? Does it matter that the lease ended before the...

[johnkimon]

My tenant's leaving and has asked about whether he'll be entitled to interest on his deposit, which is held with the DPS. I'd always assumed that any interest accruing was kept by the DPS to finance the scheme; but I can't find a definitive answer on the internet.

The DPS site says the...

[carolinalozano]

Around late 2006 my uncle bought became the first registered proprietor of a freehold estate. And in 2010, he gave me interest over the land. In a signed document he declared that he would in future hold one of the cottages in the grounds on trust for me, and so, I moved in.
However earlier...

[Melmar09]

I hope someone can help me and confirm or otherwise a specific piece of tax advice I've received.

I own property A which is mortgage free. It has always been my principal private residence. My intention is to raise some capital from this property by taking a let to buy mortgage and renting...

[faisalpandu]

Hi

I took a mortgage on a property that I bought however was not going to move in until 10 months later. I got some tenants private did not let mortgage provider know (i know sneaky).

However they sent me a letter saying they are increasing my interest rate as they think...

[pete_n_b]

Hi,

We moved out of our house in July 2012, advertised it to let in August 2012, and our tenants moved in in December 2012. I was wondering if anyone knows if the mortgage interest for the period between August and December is tax deductable, or only the interest from December on?...

[virtualpostcard]

Hi - I'm such a newbie that my partner and I (not married) haven't even completed on our 1st BTL yet but our solicitor wants to know what % shares we are buying in as Tenants in Common.

I want to know about the tax implications because although I'll be putting in 85% of the deposit for...

[ccarrot]

Applied under PCOL for possession. Had hearing and was successful and have received Order for Possession within 14 days.

If I have to get a warrant for possession for baliffs does PCOL let me do this? If I look at the current claim online it only has four options
(Submit General...

[Woodville]

Would it be incorrect when calculating yields only to consider the cash invested and not the borrowed sum? i.e. If I borrow £37k (being 70% of total sum required) my cash investment is £16k. After stripping out interest and fees my net income would be £2500. On my cash investment that is 15.6%. ...

[Beaverman33]

Apologies if this has already been asked before . . . I've had a search through the forums but could not find my exact situation.

My wife and I own 5 rental properties and are looking to expand our portfolio. If we remortgage our existing domestic property but used the money to buy a...

[Cornish]

This has probably been asked before, but:

I owned and lived in a house with a residential mortgage.

I moved out and let the house leaving the residential mortgage as it was.

After 18 months I swapped the residential mortgage for a BTL mortgage.
...

[fred11]

Hi,

we have recently moved out of our apartment in London and have received in deposit back minus an agreed amount without any difficulties. However, the amount returned is exactly the same amount as at the start of the tenancy (9 months ago).

There is nothing in our rental...

[jon2]

I am a live-in landlord with two lodgers.

I am filling in my tax return for 08-09 and trying to figure whether to use rent-a-room relief or claim expenses.

The crux of it is how much, if any, of the interest on my mortgage I can claim as an expense. As I see it, if I can...