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1274366
registered interest false more like this
date less than 2021-01-06more like thismore than 2021-01-06
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Landlords: Tax Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much additional revenue has been raised as a result of the decision to restrict mortgage interest relief for residential landlords to the basic rate of income tax, in each year since April 2017. more like this
tabling member constituency Thirsk and Malton remove filter
tabling member printed
Kevin Hollinrake more like this
uin 133962 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-01-11more like thismore than 2021-01-11
answer text <p>From April 2017 to April 2020, the Government phased in a restriction of deductions for finance costs for landlords of residential properties to the equivalent of the basic rate of income tax. The restriction makes the tax system fairer by ensuring landlords with higher incomes no longer receive the most generous tax treatment.</p><p> </p><p>The restriction is estimated to have increased income tax liabilities by about £150 million in its first year (2017-18). Estimates for subsequent years are not available.</p><p> </p> more like this
answering member constituency Hereford and South Herefordshire more like this
answering member printed Jesse Norman more like this
question first answered
less than 2021-01-11T13:22:49.803Zmore like thismore than 2021-01-11T13:22:49.803Z
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4474
label Biography information for Kevin Hollinrake more like this