Real estate
fromIndependent
5 days agoEvictions to surge as sales by landlords make up almost half of homes on the market
Average costs for semi-detached houses are rising due to new rent regulations, leading to increased evictions.
Rachel Reeves is reportedly plotting a tax raid on landlords in an attempt to plug the up to 40billion blackhole in the nation's finances. The chancellor is considering raising taxes for landlords in her next budget by applying national insurance (NI) to rental income, arguing the move would target unearned income, according to reports. The plans aim to make the Treasury 2 billion, as it attempts to avoid breaking the chancellor's red lines outlined before the general election, which included not increasing VAT, income tax or national insurance.