Personal Finance

Tax relief on mortgage interest is being phased out

  • Complete withdrawal by 2025
  • Only tax relief on the first £400,000 of your mortgage is allowable for tax
  • The cap for 2019 is £8,000 per borrower

Key dates

Please take note of these important upcoming dates in the financial calendar

31 July 2020

Date by which all payments to HMRC for 2nd instalment of the previous year ended 5 Apr should have been made

1 October 2020

UK Corporation tax payment date for 31 December year ends (9 months and 1 day after)

5 October 2020

Deadline to register with HMRC for tax year 2019/20 if you have just started to receive UK rental income

See All Dates

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