Rent hikes looming as more than a million landlords plan to beat tax crackdown



More than a million landlords plan to hike their rents next year to beat a tax crackdown, research has found.
From April, buy-to-let investors will see the tax relief on their mortgage interest cut from a maximum 45 per cent to just 20 per cent.
The changes will be phased in over the next five years and threaten to make buy-to-let properties less profitable for those with a mortgage. 
In the first survey of its kind, around two thirds of the landlords said they are set to put up rents.
A third said they'll hike annual rents by around £300 next year. 
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12 October 2016 in Business, Views: 38
Source: Daily Mail
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