Despite the changes being made to buy-to-let tax, due to be phased in by 2020, buy-to-let landlords will still enjoy £16.7bn of tax relief according to research by estate agent Ludlow Thompson.
Ludlow Thompson says that landlords will still be able to claim around £6.4bn on interest rate costs alone even after the changes are fully implemented.
Ludlowthompson chairman Stephen Ludlow says the tax breaks on offer on buy-to-let purchases “are still very valuable” despite the changes.
He adds: “Those tax breaks are essential to ensure that landlords continue to invest in maintaining their properties.”
If cities like London are to maintain a high-quality rental market it is vital that the system works well for both tenants and landlords.
If you are interested in finding out more or want to know what these changes mean for you then please get in contact with us.