Two Thirds Of Landlords Pay Basic Rate Tax

Two thirds of individual landlords are only liable for the basic rate of income tax according to data released by the government. The Residential Landlords Association (RLA) says that it challenges the myth that landlords are wallowing in vast sums of money and so can cope with tax rises. According to the figures obtained in response to parliamentary questions from DUP MP, Jim Shannon, of the just over 1.9 million unincorporated individual landlords returning a self-assessment tax return, two thirds were in the basic rate bracket, thirty per cent were in the higher rate band and four per cent paid the additional rate. Read more on the RLA website.