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Rental interest restriction - potential tax pitfalls for buy-to-let owners

It is important to remember that you could easily become a higher rate tax payer as a result of the mortgage interest relief restriction interest restriction, particularly relevant to buy-to-let owners, warns Lisa Macpherson, head of tax technical at PKF Francis Clark

Reading Jonathan Amponsah’s informative and interesting article Top mistakes people make when completing their tax returns earlier this week, I started thinking about the narrow range of cases where – even though normally a basic rate taxpayer – the restriction of the interest deduction might cause you to pay tax at higher rates.

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