Landlords: Taxation
The question
To ask the Chancellor of the Exchequer, what the cost to her Department was of allowing incorporated landlords to deduct mortgage interest from rental properties when calculating taxable profits in the last year.
Answered by Dan Tomlinson
Estimates of the cost of allowing incorporated landlords to deduct mortgage interest from rental properties are not readily available since landlords subject to Corporation tax are not required to report separately their residential finance costs.
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