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418142
registered interest false more like this
date less than 2015-09-09more like thismore than 2015-09-09
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Private Rented Housing more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the potential effects of the measures to restrict finance cost relief for landlords, announced in the Summer Budget 2015, on the supply of property in the private rented sector in (a) Scotland and (b) the UK. more like this
tabling member constituency Edinburgh South remove filter
tabling member printed
Ian Murray more like this
uin 9770 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2015-09-14more like thismore than 2015-09-14
answer text <p>HM Treasury expects a minimal impact on the supply of property in the private rented sector in Scotland and the UK from changes to restrict tax relief on finance costs. Fewer than 1 in 5 landlords are expected to pay more tax as a result of this measure and it will be introduced gradually from April 2017 over 4 years to give landlords time to adjust. The Budget also announced increased Rent a Room relief, which can help to increase levels of private rented accommodation.</p><p> </p><p> </p><p> </p><p>The Government is taking significant steps to support housing supply with housing starts at a 7 year high. Overall, the OBR believe the impact on the housing market will be small and, taking account of the other measures in the Summer Budget, have not adjusted their forecast for house prices.</p><p> </p><p> </p><p> </p><p> </p><p> </p> more like this
answering member constituency South West Hertfordshire more like this
answering member printed Mr David Gauke more like this
question first answered
less than 2015-09-14T15:05:02.257Zmore like thismore than 2015-09-14T15:05:02.257Z
answering member
1529
label Biography information for Mr David Gauke more like this
tabling member
3966
label Biography information for Ian Murray more like this