Question to the HM Treasury:

To ask Her Majesty's Government whether, in order to estimate the revenue yield of a one per cent increase on all income tax rates payable on property income, they can draw on the data in Table 3.7 from the Survey of Personal Incomes, which compiles numbers of taxpayers and associated estimates of property income.

While the Survey of Personal Incomes offers information on the amounts of property income received by Income Tax payers, additional analysis would be required to assess the revenue raised by increasing the rates of Income Tax on property income. This would need to include an assessment of interactions with other aspects of Income Tax, such as the application of allowances and thresholds and the behavioural response to the policy change.

The Government has not made an assessment of the revenue that would be raised by increasing income tax rates applicable to property income by one per cent.