Landlords across the country are going to be frantically trying to get their self-assessment forms done. They are going to get them done for the 2017-2018 tax year period and they have also been able to claim 100% mortgage relief interest for any rental properties they have. Nowadays however, they are only able to claim 75% of this. The remaining amount will then qualify for 25% tax credit and this is all due to the new regime. Those who work in lettings recruitment or even in estate agent jobs will know more than anyone how this is going to affect the local community.

They have argued time and time again that thousands of landlords will have to pay way more tax when it comes to the changes that have been introduced. If your landlord's clients and their properties are in a much higher price bracket will have to pay way more tax under the charges and this is only going to mean bad things for the future. As if that wasn't enough, they also won't get all of their tax back on their mortgage either. This is going to push a lot of landlords who have buy to let mortgages into a higher tax bracket. This is even the case if their income is not going to increase. The tax will be applied to turnover instead of profit and to cover these additional costs, they may even have to increase the cost to a tenant as well, and this could cause major problems for them and the people who rent the properties as well. Of course, if you are finding it hard to come to terms with this or if you need to know more about the rental changes that are happening then you can find all of the resources you need on the internet.