Allow mortgage interest to be deducted when calculating taxable rental income.
National
·1,490 contributorsAllow mortgage interest to be treated as a deductible business expense when calculating taxable rental income, in line with standard UK business taxation principles and generally accepted accounting practice, helping support stable rental supply and avoid upward pressure on rents.
Rachel Reeves
Chancellor
Mortgage interest tax relief restriction
Tax on unrealized income
Deduct financing costs from taxable profit
Discourage rental investment and supply
Similar motions
Allow mortgage interest to be deducted when calculating taxable rental income.
National
Allow mortgage interest to be treated as a deductible business expense when calculating taxable rental income, in line with standard UK business taxation principles and generally accepted accounting practice, helping support stable rental supply and avoid upward pressure on rents.
Mortgage interest tax relief restriction
Tax on unrealized income
Deduct financing costs from taxable profit
Discourage rental investment and supply