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Landlords take action on tax changes

Landlords take action on tax changes

Mortgage Interest Tax Relief (MITR) for landlords is being phased out over a four-year period, starting in the 2017/18 tax year and ending in 2020/21. It’s being replaced with a basic rate tax credit on finance costs and is expected to result in a significant jump in tax costs for many landlords.

We asked Paragon customers what measures they were taking to manage these tax changes.

Here’s what they said:

Landlords take action - Infographic

The information in this infographic is intended for general information purposes only and should not be used as a substitute for professional advice. Landlords and investors should seek independent advice from a qualified tax adviser and discuss options available for their individual portfolios.

14 January 2019

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.