National Insurance 'final nail in coffin' for landlords as some already seek exit

Labour has proposed putting national insurance on rental incomes

A national insurance raid on landlords’ rental income risks being the final straw for smaller landlords, with some already making plans to leave the sector.

The Chancellor is reportedly examining proposals for applying national insurance (NI) to rental income in the hope of raising £2bn. Earnings from property, pensions and savings are currently largely exempt from NI contributions.

But the rumours have already caused significant blowback from experts in property, with concerns it will lead to a squeeze on supply if landlords sell up and higher rents as landlords price the tax in.

“We’re already seeing landlords approaching us for controlled exits. Some are acting proactively, others are trying to protect their as