.... Instead, the income tax on someone’s property profits and any other income sources will be added up, and they will then be granted a “tax credit” worth 20% of the mortgage interest cost to offset against income tax. Since January the Prudential
Regulation Authority (PRA) has required lenders to apply stress tests to new lending, putting further pressure on landlords’ finances. ...
[Read full article on Guardian
Thursday 22nd of June 2017 05:45:48 PM