One of easiest and basic strategy to deal with the Section 24 is a transfer of ownership (either 100% or some other proportion) to your spouse or partner if he/she is basic rate tax payer and you are higher rate tax payer.

Incorporation is the most popular strategy advised by many accountants and tax advisors to deal with Section 24. There is no doubt about the advantages of this strategy. However, you need to consider the pitfalls as well.Section 24 does not apply to the company.

Airbnb hosting has become popular in recent years with increasing number of landlords in London and outside London are using Airbnb as an easy platform to let their buy to let property and own house. With this popularity, increasing number of our client asks for detailed guidelines on tax on Airbnb hosting income.