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OBR: Healey’s Property Income Tax Hike Will Make Rents Go Up
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Guido Fawkes
OBR: Healey’s Property Income Tax Hike Will Make Rents Go Up
Healey has raised property income rates up to 24%, 44% and 49%. A two-point rise… The OBR thinks a steady long-term rise in rents as a result is “more likely than not”. It sees two ways this happens: fewer people become landlords, so rental supply shrinks. In addition, remaining landlords gain “price setting power” as…
28 Oct, 14:36