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Landlords could be worse off as changes made in budget

21 Jul 15

BUY-to-let landlords could be ‘thousands of pounds’ worse off following changes announced in the Emergency Budget.

Chancellor George Osborne announced a reduction in the amount of tax relief that those investing in property can claim.The amount has been reduced to 20 per cent for all landlords, marking a significant drop for those who have enjoyed relief at 45 per cent.It means landlords could be up to 2,000 worse off each year, based on typical…

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