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Mortgage Interest Relief

Definition

Tax relief on mortgage interest payments. For individual landlords, this is now restricted to basic rate (20%) under Section 24 rules. Limited companies can still claim full mortgage interest as a business expense against corporation tax, making corporate ownership more attractive for highly leveraged investments.

Section 24Corporation TaxSPV (Special Purpose Vehicle)Limited Company MortgageCompany StructureDividend TaxCapital AllowancesAnnual Investment Allowance (AIA)

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