Posted: Jun 24, 2016
The buy-to-let sector is under Treasury attack
The government appears to have taken aim at buy-to-let investors in its efforts to help "generation rent" become first time buyers.
In the last year there have been five important announcements:
1. A phased reduction in tax relief for mortgage interest down to 20% by 2020/21;
2. The replacement in 2016/17 of the 10% wear-and-tear allowance with one based on costs the landlord has actually incurred;