UK Reinstate tax relief allowing mortgage interest to be set against rental income

[concerned]

Hi All
In case anyone is interested, here is a petition to reinstate the tax relief allowing mortgage interest to be set against rental income,
https://petition.parliament.uk/petitions/627785

[Wales4rugbyWC23]

Signed, but you can incorporate to avoid this- although quite expensive.

[concerned]

Thanks! for the signing.
I can imagine incorporating with its requirements and such would be more expensive, and I guess not worth doing with one apartment

[KyushuWoozy]

Signed, but you can incorporate to avoid this- although quite expensive.

Can but you don't want to. Very good explanation here:

https://open.spotify.com/episode/195K5p ... =copy-link

[camikins]

Interesting that it isnt tax deductible. In Canada where I come from, mortgage interest is 100% tax deductible as it's treated as a business expense. Must be hard to cashflow rentals in the UK then.

[Wales4rugbyWC23]

Interesting that it isnt tax deductible. In Canada where I come from, mortgage interest is 100% tax deductible as it's treated as a business expense. Must be hard to cashflow rentals in the UK then.

Landlords are the only people you can still be not nice about...