BTL changes. ..will this affect my tax credits?

POPPYOSCAR

scousedave wrote: »

Not trying to.use the taxpayer to buy a property....like any business you should only pay tax on profit

So the rent you are charging is the same as your mortgage interest then?(Taking allowable expenditure into account)


This is the only way you can not be making a profit.

BigAunty

tomtontom wrote: »

Plus the mortgage interest he's getting paid on his own property.

Roll on Universal Credit ...

How does a landlord with a porfolio of rental properties qualify for SMI in their owner-occupied property?

I thought SMI was ruthless about any income - one of the criticisms of the scheme is that it discentivises claimants from taking on part time or low paid employment because a single pound earned takes away the entire entitlement to SMI.

I'm not asking this question to stir, just trying to better understand how SMI works, thanks in anticipation of any answers.

Perhaps a qualifying benefit, like contributions based ESA, overides income through letting, for example?

longlostmiser

tomtontom wrote: »

Plus the mortgage interest he's getting paid on his own property.

Roll on Universal Credit ...

What changes to landlords are happening with Universal Credit please?