Tax relief: In 2020-21, landlords will not be able to claim any tax relief on mortgage interest payments. Instead, from April 2020, they will receive a 20% tax credit on interest payments.

Capital Gains: Private Residence Relief is reduced to the time owners lived in their property, plus nine months, meaning landlords will lose nine months’ worth of CGT relief when they come to sell.

In addition, CGT relief of up to £40,000 (£80,000 for a couple) was available for those who let out a property that is, or has been, their home. However, from April 2020, this relief only applies to landlords who are in shared occupancy with their tenant, as the government aims to “better focus PRR to owner-occupiers”.

The deadline for payment of your CGT bill also changed in April 2020, from 31 January in the year after the tax year the sale is made, to within 30 days of the completion of the sale.