Abolition of mortgage interest relief
next year will cut spending by 1.
Would I be entitled to mortgage interest relief
on a second mortgage and are there any expenses I can claim tax against?
Other measures include an increase in child benefit and plans to index it, as well as personal and age-related allowances; restrictions on mortgage interest relief
to the basic income tax rate, and extension of national insurance to benefits in kind from company cars.
They are also at odds over the provision of school guidance counsellors, mortgage interest relief
, funding for deprived areas fu and rural crime.
Faced with even more regulations, next month's Right-to-Rent checks and the removal of mortgage interest relief
along with an annual expense charge, 2016 already seems like a minefield of uncertainty for small-scale landlords.
And never was it truer in the case of AIB's glib response to the furious customers it left without mortgage interest relief
Yet it must not be forgotten that home-buyers were also receiving help from the Treasury in the form of mortgage interest relief
at source (MIRAS), which offered valuable tax relief for the hard-pressed.
The amount of money the homeowner receives is dependent on the annuity rate bolstered by mortgage interest relief
Nor has the likelihood of Mortgage Interest Relief
At Source (MIRAS) being axed.
George Osborne also used the first all-Tory budget for nearly 20 years to reduce tax relief for buy-to-let landlords and restrict mortgage interest relief
on residential property to the basic rate of income tax.
In particular the introduction of the property tax and the abolition of mortgage interest relief
- and this will have a knock-on effect on consumer confidence and the ability of individuals and couples to service a mortgage.
The MP for Cambridge, who part-owns a farmhouse and land in his constituency, said: "The stupidity of the system is that I was quite happy claiming my mortgage interest relief
Rises in stamp duty and the abolition of mortgage interest relief
have hit homeowners, while incentives to save have been reduced by a range of measures, such as scrapping the right to mop up unused tax relief on pension contributions and the replacement of Peps and Tessas by the much less attractive Isa.
5 billion a year by abolishing "landlord perks" such as mortgage interest relief
Its Personal Insolvency Bill contains a bank veto, Mortgage Interest Relief
has effectively been abolished and standard variable rates have been allowed to run amok.