Small landlords would be hit hard by National Insurance change
Original Article Summary
If National Insurance was charged on landlords’ rental income that would have dire consequences for personal landlords operating in their own names. That is according to the Intermediary Mortgage Lenders Association (IMLA), which warned that it would create a two-tier system that would widen the gulf between individual and corporate property owners. The proposal, floated […] The post Small landlords would be hit hard by National Insurance change appeared first on PropertyWire.
PropMatch Curated Analysis
A proposed National Insurance extension to rental income could force 58% of higher-rate taxpaying landlords to pay over 100% of their rental profits in tax, creating an unsustainable two-tier system favoring corporate operators.
Investor Relevance
Critical for individual landlords as it could make their business model completely unviable, while creating competitive advantages for corporate structures - potentially forcing widespread incorporation or portfolio exits.
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