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Landlords step up anti-tax drive with postcard campaign

NLA epostcard 620pxThe National Landlords Association (NLA) has launched an e-postcard campaign to lobby Government over the proposed removal of mortgage interest relief, ahead of the Autumn Statement later this month.

The NLA wants landlords to send one of two e-postcards to the Chancellor and the Treasury to campaign against the changes which it dubs a “Tenant Tax. They can be downloaded via its website RethinkTenantTax.org.

The campaign is timed to run in the weeks leading up to Chancellor Phillip Hammond’s first Autumn Statement, due on 23 November.

NLA chief executive Richard Lambert says: “Despite more than a year’s worth of campaigning, the Treasury still won’t accept the disastrous impact that Section 24 will have on landlords and their tenants.  It seems that all our words and figures haven’t got through to them, so we’ve decided to make it as clear as possible – by drawing them a picture.

“With the Autumn Statement just around the corner, this provides the perfect opportunity for landlords to make their voices heard, and to relay the message that the proposed tax changes will only make housing problems in the UK worse.

“This policy will push 44 per cent of basic rate tax-paying landlords into a higher bracket, forcing them to either sell up and end perfectly happy tenancies, or increase rents. We want the Government to minimise the impact by applying the rules only to landlords who take out new buy-to-let loans from April 2017”.

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  • Steven Balmer 10th November 2016 at 9:18 am

    Tax is only on profits so this idea that rents have to rise is not to cover tax increases but rather to preserve landlord profits. It’s getting colder but hell will freeze over before a Chancellor rethinks taxation due to one small group gripping incoherently around diminishing profits – this was the reason for the tax change in the first place.

    • Chris Hulme 14th November 2016 at 6:01 pm

      You obviously haven’t done the maths on this! It is likely going forward that the total of their costs of running the property and the tax will be greater than the income coming in. Tax is due to be levied on theoretical profits that do not physically exist. This isn’t just limited to high rate tax payers either – it could well cause issues for those just below the high rate threshold without them even knowing it!