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746868

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Income Tax: Landlords
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people declaring an income from letting out property pay the (a) additional, (b) higher and (c) standard rates of income tax.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2003
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The government is unable to produce an estimate for the total tax collected from declared income from residential rental properties. This is because income tax receipts cannot be allocated to individual income sources. Individuals may have multiple income sources but pay tax on their total income subject to income tax, after deducting their tax allowances. These allowances and tax rates are not applied to income streams individually but to total taxable income.</p><p> </p><p>The table below provides a breakdown of the number of individual unincorporated landlords by their tax brackets on the basis of the 2014-15 self-assessment returns. Figures in the table reflect outturn data on landlords’ total incomes subject to income tax which includes, among others, rental incomes.</p><p> </p><table><tbody><tr><td colspan="3"><p>Number of individual landlords by marginal rate, 2014-15 (rounded to nearest thousand)</p></td></tr><tr><td><p>Basic rate</p></td><td><p>Higher rate</p></td><td><p>Additional rate</p></td></tr><tr><td><p>1,254,000</p></td><td><p>584,000</p></td><td><p>82,000</p></td></tr></tbody></table> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 2004 question first answered 04/07/2017 13:55:27 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746869

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Rented Housing: Tax Collection
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the total tax collected from declared income from residential rental properties was in each year since 2010-11.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2004
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>The government is unable to produce an estimate for the total tax collected from declared income from residential rental properties. This is because income tax receipts cannot be allocated to individual income sources. Individuals may have multiple income sources but pay tax on their total income subject to income tax, after deducting their tax allowances. These allowances and tax rates are not applied to income streams individually but to total taxable income.</p><p> </p><p>The table below provides a breakdown of the number of individual unincorporated landlords by their tax brackets on the basis of the 2014-15 self-assessment returns. Figures in the table reflect outturn data on landlords’ total incomes subject to income tax which includes, among others, rental incomes.</p><p> </p><table><tbody><tr><td colspan="3"><p>Number of individual landlords by marginal rate, 2014-15 (rounded to nearest thousand)</p></td></tr><tr><td><p>Basic rate</p></td><td><p>Higher rate</p></td><td><p>Additional rate</p></td></tr><tr><td><p>1,254,000</p></td><td><p>584,000</p></td><td><p>82,000</p></td></tr></tbody></table> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 2003 question first answered 04/07/2017 13:55:27 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746870

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Housing: Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what taxes related to property are paid by (a) unincorporated residential landlords on properties they rent out and (b) owner occupiers.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2005
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>Unincorporated residential landlords are chargeable to income tax on the profits of their rental business.</p><p> </p><p>A landlord who buys a property is liable to stamp duty land tax on the purchase price. A landlord who sells a rental property will pay capital gains tax on any increase in the value of the property.</p><p> </p><p>Unincorporated residential landlords will not usually be registered for VAT as domestic lets are exempt from VAT.</p><p> </p><p>An owner occupier would be chargeable to income tax on any rental income from their property. An owner occupier would also pay stamp duty land tax when they buy a property.</p><p> </p><p>An owner occupier would not pay capital gains tax on the sale of a property that had been their main residence for the whole period of ownership, as this would be exempted by private residence relief.</p><p> </p><p>Owner occupiers would usually be liable for council tax.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:47:30 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746871

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what plans he has to review the effect of mortgage interest relief changes as they apply to landlords.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2006
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>As with all aspects of the tax system, the government will keep the taxation of property income under review.</p><p> </p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:51:13 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746872

registered interest
date	29/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Mortgages: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many rental properties will be affected by changes to mortgage interest relief being phased-in since April 2017.
tabling member constituency	Strangford
tabling member printed	Jim Shannon
uin	2007
answer	answer is ministerial correction date of answer 04/07/2017 answer text <p>Using self-assessment data, HM Revenue and Customs (HMRC) estimated that only 1 in 5 landlords will pay more tax as a result of this measure. No estimate has been made specifically about the number of properties that will be affected by this change. This is because taxpayers currently do not inform HMRC how many properties their finance costs relate to.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 04/07/2017 13:58:16 answering member 3935 label Biography information for Mel Stride
tabling member	4131 label Biography information for Jim Shannon

746245

registered interest
date	28/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Public Sector: Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether he has any plans to end the public sector pay cap.
tabling member constituency	Coventry North East
tabling member printed	Colleen Fletcher
uin	1676
answer	answer is ministerial correction date of answer 03/07/2017 answer text <p>I refer the honourable member to the comments made by the Chancellor regarding the public sector pay cap during the debate on the Queen’s speech on 29 June. Link to those exchanges is available at <a href="http://hansard.parliament.uk/commons/2017-06-29/debates/D199DEF4-2B92-4D43-BF7D-01F7D98591A3/EconomyAndJobs" target="_blank">http://hansard.parliament.uk/commons/2017-06-29/debates/D199DEF4-2B92-4D43-BF7D-01F7D98591A3/EconomyAndJobs</a></p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 03/07/2017 12:59:35 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4378 label Biography information for Colleen Fletcher

733125

registered interest
date	27/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Contingencies Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if the Government will release funds from the Treasury Contingencies Fund to provide local authorities and housing associations with funding to make sure all high-rise buildings are safe.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	1295
answer	answer is ministerial correction date of answer 03/07/2017 answer text <p>All social landlords have been instructed to carry out fire safety checks on tower blocks and ensure the appropriate safety and response measures are in place. This is being done in co-operation with local fire and rescue services. We are testing cladding in all relevant tower blocks. It is the landlord’s responsibility to ensure that people are safe through funding fire safety improvements. Where works are necessary to ensure the fire safety of a building, we will ensure that lack of financial resources will not prevent them going ahead.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 03/07/2017 13:03:19 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4031 label Biography information for Rachel Reeves

733128

registered interest
date	27/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Contingencies Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much the Treasury Contingencies Fund contains.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	1296
answer	answer is ministerial correction date of answer 03/07/2017 answer text <p>The Treasury may authorise issues out of the Fund subject to the limit set on the capital of the Fund by the Contingencies Fund Act 1974. The methodology for calculation can be found at the following link to the Act:</p><p> </p><p><a href="http://www.legislation.gov.uk/ukpga/1974/18/pdfs/ukpga_19740018_en.pdf" target="_blank">http://www.legislation.gov.uk/ukpga/1974/18/pdfs/ukpga_19740018_en.pdf</a></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 03/07/2017 14:41:36 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4031 label Biography information for Rachel Reeves

732503

registered interest
date	26/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	European Investment Bank
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will take steps to ensure that Scotland remains eligible for, and retains access to, European Investment Bank funding after the UK leaves the EU.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	1041
answer	answer is ministerial correction date of answer 29/06/2017 answer text <p>The future relationship between the UK and the EIB is something that will be determined as part of the negotiations on the UK’s exit from the EU and the Government will not be giving a running commentary on these negotiations.</p><p> </p><p>The EIB publishes details of all their projects on their website. Financing details of all projects, including those in Scotland, for each of the past 10 years can be found in the link below</p><p> </p><p><a href="http://www.eib.org/projects/loan/list/?region=1&amp;country=GB" target="_blank">http://www.eib.org/projects/loan/list/?region=1&amp;country=GB</a></p><p> </p><p>As part of the ongoing work on the UKs exit from the EU, HMT has been assessing the contribution EIB finance makes to the UK economy. In his Mansion House speech on 20 June, the Chancellor said that; “The European Investment Bank, and its offshoot, the European Investment Fund, have been an important source of funding for infrastructure investment and for growth businesses.”</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 29/06/2017 07:35:38 answering member 4097 label Biography information for Elizabeth Truss
tabling member	3966 label Biography information for Ian Murray

732504

registered interest
date	26/06/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Carers: Scotland
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, whether kinship carers in Scotland who do not receive a fee for the role they perform and receive kinship care allowance from a local authority are required to register as self-employed.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	1221
answer	answer is ministerial correction date of answer 29/06/2017 answer text <p>Kinship care is a form of foster care and where individuals are receiving allowances from local authorities in return for providing the care, they will be self-employed and will need to register with HM Revenue and Customs (HMRC). Qualifying care relief will be available in relation to the allowance paid by the local authority.</p><p> </p><p>HMRC has published guidance on Gov.uk to help kinship carers:</p><p> </p><p><a href="https://www.gov.uk/government/publications/qualifying-care-relief-foster-carers-adult-placement-carers-kinship-carers-and-staying-put-carers-hs236-self-assessment-helpsheet/hs236-qualifying-care-relief-foster-carers-adult-placement-carers-kinship-carers-and-staying-put-carers-2015" target="_blank">https://www.gov.uk/government/publications/qualifying-care-relief-foster-carers-adult-placement-carers-kinship-carers-and-staying-put-carers-hs236-self-assessment-helpsheet/hs236-qualifying-care-relief-foster-carers-adult-placement-carers-kinship-carers-and-staying-put-carers-2015</a></p> answering member constituency Central Devon answering member printed Mel Stride question first answered 29/06/2017 13:45:47 answering member 3935 label Biography information for Mel Stride
tabling member	3966 label Biography information for Ian Murray