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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 reversing full interest deductibility for landlords, a rule allowing investors to subtract mortgage interest from rental income before tax. This has created uncertainty for property investors.
Experts are divided on the potential impacts. The Property Investors Federation warns of forced sales and rent hikes. Conversely, economists and Renters United suggest house prices might slightly decrease while rents remain stable, driven by market demand. A 50% compromise is considered a likely policy.
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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