Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes or provide for retirement.

But over the years the Treasury has eroded these reliefs, in particular the tax relief on mortgage interest payments. The changes kicked in on 6 April 2017 and were phased over four years, in order to give landlords the time to adjust gradually, with the full changes taking effect in 2020/21.

How does this impact basic rate and higher rate taxpayers? Read our update to find out.