Landlords enjoyed a record £14bn in tax breaks in 2013,
according to figures revealing the expansion of the UK’s buy-to-let market in
the aftermath of the financial crisis. Property owners, who can claim tax
deductions for a wide range of expenses when they rent out homes, claimed
£6.3bn in tax relief against the cost of mortgage interest alone in the 2012-13
financial year. The scale of the tax breaks was revealed by HM Revenue &
Customs after a freedom of information request.
The figures reveal that the number of landlords has increased by more
than one-third over the past six years: 2.1 million taxpayers declared income
from property in the 2012-13 financial year, up from 1.5 million in 2007-08.
Read more on the Guardian website.
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