Buy to Let: Landlords mount legal challenge

Landlords mount legal challengeDisgruntled Buy to Let landlords have mounted a legal challenge against the Government’s proposed changes to the way in which their rental income is taxed. In his first Budget after the election, George Osborne introduced measures increase the tax payable by Buy to Let landlords. At present a property investor can offset all the interest payable on a Buy to Let mortgage, thereby reducing the profit made and therefore the tax payable. However, Mr Osborne announced that the amount of interest which investors will be able to offset against income ...