Landlords oppose tax regime changes

October 5, 2016

Cherie Blair QC, wife of former Labour Prime Minister Tony Blair, will represent landlords fighting  proposed changes to the tax regime against the  Government and HMRC at the High Court on Thursday.

She will argue against proposed changes to section 24 of the Finance (No.2) Act 2015, these changes would stop buy-to-let finance costs being a claimable business expense, if the changes were to take place then landlords with mortgages would pay tax on their turnover instead of their profit.

More recently some  landlords have turned to creating limited companies so as to purchase their buy-to-let property, by doing so they avoid being affected by the proposed tax reforms that would only affect individuals who own rental properties in their own names.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Home and Living

Four summer interior mistakes you’re probably making right now

Summer brings longer days, brighter evenings with plenty of opportunity to enjoy our homes, yet many homeowners are unknowingly making simple interior mistakes that could be leaving their spaces feeling darker, smaller and less inviting than they should. While many people focus on refreshing their gardens and outdoor spaces during the warmer months, maximising indoor…
Read More →
Breaking News

Housing Insight Report: April 2026

Despite wider economic uncertainty and inflation remaining above target, the housing market continues to demonstrate resilience. Within the rental market, demand continues to significantly outstrip available supply. Sales 1. In April 2026, stock levels showed a marginal increase with an overall average of 43 properties for sale at each member branch. 2. The average number…
Read More →
Damaged timber from Dry Rot
Breaking News

Stop managing damp. Start managing risk

The next phase of Awaab’s Law isn’t about repairs. The question regulators will ask is whether you can prove what you knew, and when. Housing providers, operators and agents are being warned not to view Awaab’s Law solely through the lens of damp and mould, as new requirements coming into force later this year expand…
Read More →
Estate Agents should not all look the same
Estate Agent Talk

Biggest challenges facing agents is generating motivated buyer leads

The latest research by GetAgent has revealed that while seller activity remains relatively resilient across the UK housing market, growing buyer hesitation is weighing on overall market momentum, creating a more challenging environment for estate agents. The survey of UK estate agents, commissioned by GetAgent, examined current market conditions, lead quality, business investment and expectations…
Read More →
Breaking News

Against all odds, recovery remains on track

Glenigan’s Summer 2026 Construction Forecast indicates sector resurgence in 2027, despite a painful start to the year Construction sector set to rebound by 13% over the course of the Forecast period (2026-2028) as economic conditions improve Significant value gains expected for offices, industrial, public sector and civils verticals Private and social housebuilding predicted to rally…
Read More →
Rightmove logo
Breaking News

Manchester tops decade of property price growth with London bottom

New long-term analysis from the UK’s largest property platform Rightmove reveals that Manchester is the fastest growing city for prices over the last 10 years, while London is the slowest The average asking price for a home in Manchester is up by 63% compared with 10 years ago, by contrast prices in London are only…
Read More →