Why should I do this now? From my calculations I could be better off paying more tax for a couple of years yet.

Thanks to the scaled rollout of the 60/40 plan that is designed to parallel the scaled rollout of Section 24, you will benefit from our service from day 1 (when compared with your current position)

 

You will not actually see this difference immediately, as the impact of increased income tax is not felt until the end of the financial year, so it will appear that you are receiving a higher income by staying put. This is a false sense of security though, as you will be hit by a hefty income tax bill at the end of the year that many landlords will not be prepared for.

 

For details of the Section 24 rollout go here

 

In summary:

 

 

Year
%age of finance costs deductible from
rental income
Your profit share with us
2016/17
0%
2017/18
75%
90%
2018/19
50%
80%
2019/20
25%
70%
2020/21
0%
60%
2021/22
0%
60%

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