Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of how many landlords will be (a) affected by, (b) exempted because they are a corporate landlord and (c) exempted because they fall into another exempted group from the restriction on the ability to deduct loan interest and other financial costs as an expense against income from residential property to the basic rate of income tax announced in Summer Budget 2015.

The restriction of finance cost relief to the basic rate of income tax will reduce the tax advantage landlords have over homeowners in the property market, and will ensure all individual landlords receive the same rate of tax relief on their finance costs. HM Revenue and Customs estimates that 1 in 5 landlords will pay more tax as a result of this measure.