HMO Mortgages for Limited Liability Partnerships (LLPs)
HMO Mortgages for Limited Liability Partnerships (LLPs) are now more common than just a few years ago thanks to the tax changes brought about by new government legislation, namely Section 24.
Section 24 was announced in the summer budget of 2015 and has been gradually implemented since April 2017.
It means that the amount of income tax relief landlords receive for residential property finance costs will be restricted to the basic rate of tax if the property is held in a personal name.
Since then, increasing numbers of residential BTL landlords have sought to protect against tax by using limited companies, special purpose vehicles and Limited Liability Partnerships (LLPs) for the holding of residential property especially HMOs.
Best HMO Mortgages For Limited Liability Partnerships (LLPs)
For more all you need to know about HMO mortgages, we have compiled the ULTIMATE GUIDE TO HMO MORTGAGES, that answers all of your HMO mortgage related questions in detail.
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