24/09/2026
Section 24, in plain English. 🏘️
It stops landlords deducting mortgage interest from rental income before tax. Instead you pay tax on the full rent, and get only a 20% tax credit on the interest.
For higher-rate taxpayers especially, that can turn a modest profit into a loss — which is why a lot of South Wales landlords are choosing to sell in 2026.
We're David & Jason, and we're landlords ourselves, so we've felt this one directly. Here's the plain-English version 👇
Section 24 changed buy-to-let tax for good. What it means for South Wales landlords in 2026, who it hits hardest, and your options if you want to sell up.