#landlords

#landlords

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.

Berlin-Stephens expresses frustration over receiving a bill without prior notification, stating, 'I wasn't trying to hide or sneak or do anything wrong.'

"What really stands out to us is that the rental market has lost its sense of urgency... people scramble to secure a unit within the first few hours..."