Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of introducing a banded tax on landlord profits.

If landlords own properties directly, they are taxed at their marginal rate under income tax rules, and profits made on the sale of properties are charged to capital gains tax.

Where landlords operate through a company, the company will have to pay corporation tax on its profits and the owners will also pay income tax on dividends they receive. Profits made on the sale of properties are also liable for corporation tax.