Tenants face potential rent increases of twenty to thirty
per cent as a result of tax rises hitting the private rented sector says a
former independent member of the Bank of England’s Monetary Policy Committee.
Since April 2016 a three per cent surcharge has been added on the purchase of
homes to rent out and from April this year the Government will begin
restricting mortgage interest relief for landlords to the basic rate of income
tax. The analysis backs up research by the RLA which has found that a majority
of landlords will be negatively impacted by the tax changes. Read more on the
RLA website.
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