|Result||As Now||Transitional Rules||New Rules|
|0% Threshold||20% Threshold||40% Threshold||45% Threshold|
If you are looking to get a view on how you will be affected by the changes to tax rule, then check out our property tax calculator. This is developed to get a broad idea of how the changes will affect someone over the transition period. The numbers are based on the changes the tax rule introduced by the chancellor.
The HMRC have put together few example users to illustrate how income tax from the property will change over the years. Clear losers in the changes are higher and additional tax ratepayers. The other group that is going to be affected by the changes are people who are currently in basic taxpayers. Who will be pushed into higher tax bracket. As a result of the tax changes introduced in 2015 by George Osborne.