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Reverse Propaganda, from £600 monthly profit to £200 loss BTL tax bite

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Just an year ago the propaganda machinery(PM) was busy ramping up prices. After the April 6th deadline gears have reversed. PM has done a full U turn. Media is full of anti BTL, ant HPI and falling prices. Is this a (engineered)bust in making? How long will it last ?

Telegraph : In charts: from £600 monthly profit to £200 loss - how the buy-to-let tax is biting

Quote

Previously, higher-rate taxpayers could deduct their mortgage interest from their rental income before calculating the tax due. Now, they will be taxed on the entirety of their rental income. Many landlords will pay more tax as a result. In a worse case scenario, some will be taxed on non-existent profits, making a loss. 

Will this really happen? What percentage of LLs will make loss?

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