Emailed in by MBK from The Telegraph:
Expats who rent out their homes in Britain will be stripped of the right to use the personal allowance, under a tax raid prepared by George Osborne...
Under Treasury proposals released for consultation, the allowance would be restricted to people with a “strong economic connection” to Britain, bringing the tax regime into line with the US, Canada and much of the EU.
The move could affect up to 400,000 people and raise the exchequer an extra £400 million a year. It would include 175,000 people who live abroad and earn an income from property in Britain.
What's the problem?
Isn't there a traditional KLN that "Landlords will just add the tax to the rent so tenants will end up worse off?"
Go on then, let's see those 175,000 bump up their rents by a few thousand quid a year.
Debate Magazine
