Can Landlords Still Claim Mortgage Interest? Section 24 Explained (2025 Update) скачать в хорошем качестве

Can Landlords Still Claim Mortgage Interest? Section 24 Explained (2025 Update)

Hello, ✤ Welcome to “Dora Ngoma – Grace Certified Accountants” ✤ 📢 Can  Landlords Still  Claim Mortgage Interest? Section 24 Explained (2025 Update) If your latest rental‑property tax bill was a nasty surprise, the culprit is probably Section 24. In this video, Dora breaks down — in plain English, exactly what Section 24 is, how it changed Mortgage‑interest relief, what you can still claim, and why running your portfolio through a limited company is treated differently by HMRC. ###What you’ll learn: ✅ The old pre‑2017 mortgage‑interest rules (full deduction) ✅ How the 20 % basic‑rate tax credit works under Section 24 ✅ Why your taxable profit is now higher (even when cash profit is the same) ✅ Worked example: tax bill £1,600 → £3,200 on the same £12k rental income ✅ Impact on basic‑rate vs higher‑rate taxpayers ✅ How limited companies can still deduct mortgage interest in full ✅ Common myths (e.g., “you can’t claim anything” or “Ltd is always better”) ✅ Practical options if Section 24 is squeezing your profits 💡 Key points covered: 📈 Section 24 increases taxable profit and can push landlords into the 40 % tax band 🏡 You still receive a 20 % tax credit — but it doesn’t reduce taxable income 🏢 Limited companies are exempt from Section 24, yet extracting cash has its own tax layers ❗ ‘Limited company is always better’ is a myth — run the numbers first 📅 Review structure, time large expenses, and get tailored advice before switching 👉 Need help calculating your new tax position or deciding if a company structure suits you? Our team supports landlords across the UK — we’ll model the numbers and build the most tax‑efficient plan for your property portfolio. 👉 Book a clarity call today: https://calendly.com/graceca-ltd/15min 📧 # Contact us: [email protected] 🌍# Visit our website: https://gracecertifiedaccountants.co.uk 👍 Thanks for watching! ▶ If this video helped you, COMMENT with your questions, LIKE the video, and SHARE it with fellow landlords. 👉 Subscribe to the channel and press the bell 🔔 icon:    / @gracecertifiedaccountants    Watch my other helpful videos: 📺 Making Tax Digital 2026: What Every Landlord & Self‑Employed Person Must Know    / your_link_here   📺 Capital Gains Tax Explained | What to Know When Selling Property in the UK    • Capital Gains Tax Explained | What to Know...   📺 Foreign Income & UK Tax Explained | Avoid Double Tax    • Foreign Income and UK Tax Explained | Avoi...    Follow us on Social Media: 🎀 Instagram:   / gracecertifiedaccountants   🎀 Facebook:   / gracecertifiedaccountants   🎀 LinkedIn:   / gracecertifiedaccountants   🎀 Website: https://gracecertifiedaccountants.co.uk 🔔 Become a member of my YouTube:    / @gracecertifiedaccountants   🚫 Disclaimer: "Copyright Disclaimer Under Section 107 of the Copyright Act 1976..." 💖 Thank you for watching — click 🆂🆄🅱🆂🅲🆁🅸🅱🅴 to stay connected. 💚 Subscription Link:    / @gracecertifiedaccountants   #Section24 #MortgageInterestRelief #UKLandlordTax #GraceCertifiedAccountants #LandlordTips2025 #RentalIncomeTax #PropertyInvestmentUK #HMRCUpdates #LimitedCompanyProperty #BuyToLetTax #DoraNgoma #TaxPlanningUK