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HMRC’s Tax changes for landlords in 2022

With 2022 just hours away, here’s a reminder of two tax changes that will directly affect landlords next year - and that’s before any new government announcements in the months to come. 

Monday January 31 is the deadline for landlords’ online self-assessment tax return for the 2020-2021 tax year. This will be the first on which the new mortgage interest tax relief credit applies.

The controversial credit, which has been phased in over the past four years, means landlords can now only offset 20 per cent of their mortgage interest payments against tax. 




One slightly more comforting change is that an announcement about Capital Gains Tax made in the Budget some months ago is now in effect.

This changes the deadlines for reporting and paying CGT on the profits of additional properties. Landlords now have 60 days, rather than 30, to report and pay CGT bill when selling a buy to let unit. Chancellor Rishi Sunak has already made it clear that he will not be implementing much-feared fundamental changes to CGT rates.

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    Where is the comfort in that, 60 days is a big deal now for paying c/gains, when it used be up to a year. This is just like SD doubling it, then later on halving it temporarily and it a massive give away / a holiday. Anyway C/gains is a special high rate for LL’s only.

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    It’s all take and no give, Government perusing easy targets instead of dealing with scrounges and big Corporations who pay little or no Tax.


    Couldn’t agree more, these guys are too hard to chase, we’re the easy targets.,


    Absolutely agree, where is our voice. Interest rates will rise this year and as they impact on us all, whom have mortgaged buy-to-let properties, we will still need to pay the Section 24 tax bill. Again, reluctantly I will be putting up my rents.

  • George Dawes


  • George Dawes

    No doubt none of this will apply to the banks and big boys letting out …

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    And who do you think benefits from imposing MTD on sole traders and small landlords?

    Yet again it'll be corporate interests. If they are large businesses running lettings operations they'll always have had finance and IT departments to handle their reporting to HMRC but for the little guy the need to buy and use third-party software and to report five times each year is going to be a significant additional burden that will force some out of the sector. And of course if the corporate interest is like SAGE a provider of accounting software the imposition of MTD is also a God-send: the government using the law to force millions of little people to buy a commercial product.


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