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Section 24

Definition

UK tax legislation that restricts mortgage interest relief for individual landlords to the basic rate of tax (20%). This significantly impacts the profitability of highly leveraged property investments and has driven many landlords to incorporate their property businesses or use limited companies for new purchases.

Mortgage Interest ReliefSPV (Special Purpose Vehicle)Limited Company MortgageCompany StructureCorporation TaxDividend TaxCapital AllowancesAnnual Investment Allowance (AIA)

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