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  • Section 24 HQ

    Strategies to counteract Section 24

    What are you strategies going forward to counteract S24?

    I have quite a few interest-only mortgages and also a few unencumbered properties.

    My accountant has done a few examples of my forthcoming tax returns and does not look great.

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    Hi M,

    See Section 24 Survival Guide 

    The most common strategies I have seen being suggested are:

    1.  Incorporation

    2.  Form 17

    3.  Sell properties off to pay down debt on others.

    4.  Reduce costs

    5.  Undertake a refurbishment programme

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    Just look through the pages on here you will see loads on this topic

    it comes down to professional Taxation advice and what suits you best

    Its far more complicated than Oh Yes I should use a company to avoid S24

    but you will find 99% of your questions answered from the past

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.