Labour considering taxing landlords on rental income
Original Article Summary
Landlords could have to pay national insurance payments based on rental income under leaked plans being considered by Chancellor Rachel Reeves. National Insurance contributions are charged at 8% on employee income, but earnings from property, pensions and savings are largely exempt. The government is looking to raise money to plug the so-called £40bn black hole […] The post Labour considering taxing landlords on rental income appeared first on PropertyWire.
PropMatch Curated Analysis
The Chancellor is reportedly considering applying 8% National Insurance to rental income as part of efforts to raise revenue. Industry experts warn this could reduce rental supply and increase rents for tenants.
Investor Relevance
An 8% NI charge on rental income would directly reduce net yields and returns for all landlords, potentially making marginal investments unviable and accelerating portfolio exits, while likely pushing up rents
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