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

Letting Agent Talk

Expert Reacts To Renters’ Rights Act Ahead of Changes This Week

The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More →
Breaking News

52% of buyers are cash purchasers – and they’re ready to move

New research from LRG reveals that sellers entering the spring market are meeting an unusually large pool of cash-ready buyers, many of whom aren’t constrained by affordability, but by a lack of suitable homes. According to LRG’s Spring 2026 Sales Report, based on a survey of 307 buyers and sellers across England and Wales, more than…
Read More →
for sale sign london
Breaking News

Landlords sell up as Renters’ Rights prove final straw

Leading Kent and London law firm Thackray Williams have had a wave of last-minute instructions from landlords looking to sell their portfolios ahead of the Renters’ Rights Act coming into force this Friday. The litigation team has been instructed to seek possession by landlords wishing to sell their entire buy-to-let portfolios, as well as last-minute…
Read More →
Breaking News

Breaking Property News 27/4/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Will AI change the way we search on property portals? Thought Leadership by Andrew Stanton, CEO Proptech-PR Rightmove: the UK’s most profitable proptech Rightmove is widely seen as the UK’s most profitable proptech, generating £300m+ annually with operating margins around 70%. Even with slight recent…
Read More →
for sale sign london
Breaking News

¼ of landlords selling up

The latest research from LegalforLandlords reveals that a quarter of landlords plan to exit the market as a result of the Renters’ Rights Act, while 60% of those who remain plan to implement much stricter criteria when vetting tenants. In particular, income and affordability checks are set to face greater scrutiny, with more than half of…
Read More →
Breaking News

HMRC ramps up scrutiny of residential property valuations as it cracks down on inheritance tax avoidance

  Taxman’s requests for help from the Valuation Office Agency with property valuations in IHT returns rises nearly 25% Rise reflects HMRC’s increased efforts to recover revenue from underreported and misvalued estates.   HM Revenue & Customs is increasingly challenging residential property valuations in inheritance tax (IHT) returns, with the number of cases referred to…
Read More →