Landlords allowance to be scrapped

Treasury urged to stop landlords raising rents to cope with tax changes

Labour’s shadow housing spokesman has urged the Government to detail how it will stop landlords raising rents to offset changes to buy-to-let taxation.

Mortgage interest relief changes being introduced next April will change the way landlord profits are taxed, and many reports and surveys have found that rents will increase to cope with the rising costs.

But Lord Beecham wants to ensure this doesn’t happen.

He has tabled a written question to the Treasury in Parliament: “To ask Her Majesty’s Government whether they intend to introduce plans to prevent landlords of residential properties from recouping the cost of changes to the taxation of rents of such properties which will come into force next year; and if so, how.”

The Treasury is yet to respond but we are not sure landlords will welcome the Government monitoring the rents they charge and how that would even work in practical terms.

Blog Post from Property Industry Eye

See details of our Guaranteed Rent Scheme here

If you have any comments, please email the author of this article and click on the link above

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors



Registered Office: Woodgate Studios, 2-8 Games Road, Cockfosters, Hertfordshire, EN4 9HN | Registered in England and Wales | Registered Company No. 3961047 | VAT Registration No. 752 6015 48

 

Social Media Auto Publish Powered By : XYZScripts.com
Google Rating
4.8
Based on 116 reviews
js_loader