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<p>In Budget 2017 the Chancellor announced a restriction to the relief available for
finance costs for residential landlords. The restriction is being phased in over 4
years and ensures that relief for finance costs is only available at the basic rate
of income tax. The restriction makes the tax system fairer by ensuring landlords with
higher incomes no longer receive the most generous tax treatment.</p><p> </p><p>HMRC
estimates that only one in five landlords will pay more tax as a result of this measure,
once it is fully implemented. Self-assessment data for the relevant years is not yet
available.</p><p> </p>
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