Landlords: Tax Allowances
The question
To ask the Chancellor of the Exchequer, what the cost to her Department was of tax relief for landlords of residential properties in the last financial year.
Answered by Dan Tomlinson
Unincorporated landlords receive basic rate relief through a tax reduction. The estimated cost of basic rate tax relief on finance costs for landlords of residential properties reporting in Income Tax Self Assessment (ITSA) in 2023/24 (the latest available year) is £1.4 billion.
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