The restriction will come in from 6th April 2017 and will be phased in over five years. This will only affect higher rate taxpayers and only those with residential let property (not commercial property) and does not apply to a property business or furnished holiday lets. So for landlords that are basic rate taxpayers there will be no change. It may be possible to restructure the property in order to avoid the loss of tax relief on residential loan interest. Seek advice from us to find out your options.