The Government Responds
Landlords in the UK have launched a judicial review of the Governments planned buy-to-let reforms as the property world steps up its opposition to the unfair proposed new tax rules. The application was submitted as required by landlords Bolton and Cooper, they hope to overturn clause 24 in the financial act 2015. The proposed changes could come into effect from April 2017 and charge buy-to-let investors tax on their mortgage interest payments. This would go against the fundamental business principle that income less expenses or costs equals net profit. Read more: Kill Clause 24 ?
