Jun

Section 24 hits our Armed Service men and women

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Military personnel who rent their homes out whilst stationed away are being hit by the Governmentâ€™s Section 24 tax hikes on private rented housing.

A report by the Royal United Services Institute said 59% of married members of the armed services own their own home and for those who rent this out when they are posted either abroad or elsewhere in the UK:Â â€œtaxation on rental income and recent changes to â€˜buy-to-letâ€™ legislation makes this increasingly financially difficult for service personnel.â€�

The tax increases introduced over the last two years include taxing a landlordâ€™s rental income

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