Landlords will be battered by one of the most hostile tax
regimes in the western world come April – but the Treasury is being warned that
rather than just penalising landlords, it is tenants who will be the real
losers. There is a move to tax landlords not on the profit they make, but on
all their income. The phasing restriction of mortgage interest relief to the
basic rate of income tax along with other recent measures will make renting a
much less attractive investment option for many. At a time when increasing
numbers of people rely on the rented sector this will only reduce the growth in
supply, driving up the cost of rents. Read more on the RLA website.
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