From City AM:
Research conducted for the Residential Landlords Association (RLA) has also shown that each tenancy in the private sector nets the Treasury in the region of £1,000. Buy-to-let, far from enjoying a privileged status within the housing market, is a net contributor to the government’s coffers.
Yes, I have also calculated this figure as best I could and private landlords appear to be paying about £5 billion a year in income tax and other bits and pieces, = 5 million rented homes x £1,000 each.
That's half the truth. And a complete lie...
The bit he doesn't mention is that private landlords collect £9 or £10 billion in Housing Benefit every year, which is a drain on 'the government's coffers'.
Net the two figures off, and overall we see that private landlords are a drain on 'the government's coffers' of £4 or £5 billion a year.
That's the whole truth.
Debate Magazine
