Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of changes in mortgage interest tax relief on private landlords since the inception of those measures in April 2017.

The previous government phased in a set of reforms to restrict finance cost relief to the equivalent of the basic rate of income tax. Before these reforms, it was available at a landlord’s marginal rate.

As a result, all individual landlords now receive the same rate of tax relief on their mortgage interest, whereas previously higher rate taxpayers received more generous relief than those on lower incomes. The reforms have also reduced the disparity in income tax treatment between homeowners and landlords.