Details emerge of property investor tax exemptions

Staff reporters
Thu, 10 Jun 2021

Staff reporters
Thu, 10 Jun 2021

Property investors converting commercial to residential may be excluded.

Consultation opens today on how new builds will be exempted from investment property tax changes, in rules to be in place by October 2021.The government made a shock announcement in March to remove a longstanding tax “loophole” that let property investors reduce tax bills by deducting mortgage interest payments against their rental income.At the time, it said the changes would not include new builds.Consultation documents out today detail the proposals to stop interest deductions being claimed for residential investment propert...

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