Treasury stand firm over Landlord tax changes

Despite growing pressure across the sector the Treasury is remaining steadfast in its tax proposals for landlords. The Financial Secretary to the Treasury, David Gauke MP, has responded to the RLA calls for the Government to reconsider the changes. Mr Gauke has stated a desire for a “fair tax system”. He says “That means ensuring that landlords with the largest incomes no longer receive the most generous tax treatment. By restricting finance costs relief available to the basic rate of income tax, all finance costs incurred by individual landlords will be treated by the same tax system”. The RLA is disappointed with the reply and will continue to lobby to ensure that landlord voices are heard. Meanwhile, Sulgrave Estates urges all landlords to sign the petition if they have not already done so (as mentioned in last month’s newsletter) and to consider writing to their MP emphasizing the importance of these proposals. Please email Lucinda Watts for a copy of the full response to the RLA from Mr Gauke.

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