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Will Labour cancel ‘tax breaks for landlords’? Here’s what it could mean for rents and house prices
What Labour would do with tax on rental properties is one of the big unanswered questions of the election.
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AI summary
The Labour Party is considering reinstating limits on interest deductibility for rental properties, a key election issue that was reversed by the current government. This would reduce the tax write-offs available to landlords.
Potential impacts are debated. The Property Investors Federation warns of rent hikes and forced sales, while economists and Renters United argue rents are driven by market demand. House prices may see a slight decrease. Labour's final policy is unconfirmed, with a 50% compromise considered possible.
What is interest deductibility anyway?
What happened last time Labour was in power?
A big call on what will happen next
So what happens to house prices if Labour changes it back?
Would rents go up if Labour changes the rules?
So will they do it?
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