IoD call for buy-to-let tax hike

of Directors
has called for an end to lucrative tax breaks given to
buy-to-let owners.

Currently, property investors can offset the tax demands on their rental
income thanks to a break that allows them to deduct a large proportion of the
interest on their borrowings.

If the advantage was removed it would net the taxman an extra £1.9bn in

The IoD said: ‘The imbalance between investments in financial assets and in
property is primarily a feature of a period of execptionally low interest
rates, but it is also caused by the tax regime which applies to traditional
buy-to-let investment financed largely by borrowings.’

Further reading:

Raise revenue
from CGT, says IoD

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