Sunak Prioritised Landlord Tax Break Over Fixing Housing Crisis

Labour has accused Rishi Sunak of announcing a tax break for second homeowners and landlords with his stamp duty cut while failing to announce measures to “tackle runaway house prices and build truly affordable housing”. Following the Budget, the opposition party has highlighted that the continuation of a reduced rate of stamp duty land tax to September will hand half a billion pounds to landlords and holiday lets. 34% of homes bought in 2019/20 were second homes, buy-to-let properties or residential properties bought by companies. Documents from the Treasury show that the reduced rate of stamp duty will cost £1.6bn. Read more on the Labour List website.

https://labourlist.org/2021/03/sunak-prioritised-landlord-tax-break-over-fixing-housing-crisis-says-labour/