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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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The Labour Party has not yet confirmed its policy on interest deductibility for rental properties, a key election issue. Experts speculate a reversal of the current full deductibility is possible, with a compromise of 50% deductibility considered a likely option.
This change could lead to slightly lower house prices over time. While the Property Investors Federation warns of rent increases, economists and Renters United argue that market supply and demand are the primary drivers of rent levels.
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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