Timeline of increasing tax costs

Tax costs on Buy to Let properties owned by individuals will increase as follows:

1 April 2016 - 3% increase in SDLT (and LBTT) costs on second residential properties
6 April 2016 - Wear & Tear Allowances abolished
6 April 2017 - tax relief on mortgage interest for buy to let properties restricted for 40% - 45% taxpayers
6 April 2018 - tax due on rental properties to be reported quarterly via Digital Tax Accounts
6 April 2019 - capital gains tax on disposals of buy to let properties to be paid within 30 days of disposal
6 April 2020 - tax relief on mortgage interest for buy to let properties restricted to 20%