Reform tax rules so rental income is taxed on profit, not revenue
Reform Section 24 so rental income is taxed on profit, not revenue. We think this would make new-build flats bought under Help to Buy or Shared Ownership more attractive to buyers and investors. We believe this could allow first-time buyers to move on which could ease pressure in the rental market.
Steve Reed
Housing Secretary
Similar motions
Allow mortgage interest to be deducted when calculating taxable rental income.
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
Windfall tax on excess asylum-accommodation profits
Introduce clear statutory rules and guidance on rent abatement
Reform tax rules so rental income is taxed on profit, not revenue
Reform Section 24 so rental income is taxed on profit, not revenue. We think this would make new-build flats bought under Help to Buy or Shared Ownership more attractive to buyers and investors. We believe this could allow first-time buyers to move on which could ease pressure in the rental market.
Similar motions
Allow mortgage interest to be deducted when calculating taxable rental income.
Abolish the effective Tax rate of 60% on income between £100,000 and £125,140
Windfall tax on excess asylum-accommodation profits
Introduce clear statutory rules and guidance on rent abatement