Your rental profit, the tax it adds to your bill, and what the Section 24 mortgage interest restriction is costing you
Secure checkout. Your file is ready in your client portal as soon as payment clears.
If you let property in your own name, your rental profit is added to your other income and taxed at your highest rate. Mortgage interest is no longer deducted – you get a basic rate tax credit instead – so higher rate landlords pay tax on money that goes straight to the bank. This workbook shows the real figures.
See how it works
The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.
Step 1
Rent, costs and mortgage interest for each property. What you do: one row per property.
Step 2
The tax on your rental profit with and without Section 24. What you do: nothing to enter.
Step 3
Tax bands and allowances used. What you do: update each April.
Step 4
Who it is for
Quick start
Your file is only released to your client portal once payment has cleared.
You are taken to our secure checkout.
Checkout takes a minute and you get a receipt by email.
Your file is ready in your client portal as soon as payment clears, and we email you your invoice with a link to the portal.
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Part of AML Finance Group
Our sister firm, AML Accountancy Solutions, is an award-winning accountancy practice helping businesses and individuals across the UK with their accounts, tax, bookkeeping and payroll.
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