Budget 2015 slashes buy-to-let landlords profits over mortgage interest tax relief | Daily Mail Online

8 Jul

The Chancellor also announced an increase in the amount of money homeowners can earn in rent from lodgers before tax. It comes after many campaigned for a higher earning level in the rent-a-room scheme.

The level has been set at £4,250 of income for the past 18 years, but will rise to £7,500 from April 2016.

via Budget 2015 slashes buy-to-let landlords profits over mortgage interest tax relief | Daily Mail Online.

this has been a very exciting budget with quite a lot of daring flourishes. the above giving those who rent their spare room a tax free income of £7,500 is amazing. a big jump from £350 a month to £625 a month rent.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: