Section 24 Tax Impact Calculator
Compare your BTL tax bill under old rules vs Section 24 mortgage interest restriction.
Annual Income & Costs
Interest-only portion only, not capital repayment
Management, maintenance, insurance, accountancy
Section 24 Tax Comparison
Extra Tax Under Section 24 (per year)
—
| Item | Old Rules (pre-2020) | Section 24 (current) |
|---|---|---|
| Income | ||
| Rental Income | — | — |
| Deductions | ||
| Mortgage Interest | — | Not deductible |
| Other Allowable Costs | — | — |
| Tax Calculation | ||
| Taxable Profit | — | — |
| Tax on Profit | — | — |
| 20% Tax Credit on Interest | — | — |
| Tax Payable | — | — |
| Extra Tax (Section 24 vs Old) | — | |
This calculator is for illustration only and does not constitute financial or tax advice.
Section 24 affects individuals only — limited company landlords are not affected.
Consult a qualified accountant before making property or tax decisions.
Useful services for property investors
Provestor — Property Accountant
Specialist accountants for landlords affected by Section 24. Tax planning and annual accounts.
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