Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of section 24 of the Finance (No. 2) Act 2015 on private landlords.

HMRC estimate that only 1 in 5 landlords will pay more tax as a result of this measure. Landlords can still claim income tax relief on their finance costs at the basic rate, and receive relief at their marginal rate of tax on the day-to-day running costs incurred in letting out a property.

Ministers hold regular meetings with external stakeholders to discuss a wide variety of issues, including property tax.