Landlords like Gerard Boon say they are weighing up selling their properties after the Government confirmed it will raise property income tax in the Budget.

From April 2027, landlords will have to pay an additional two percentage points on rental income, a move that will be likely to push more out of the market – especially as many are already concerned about the impact of the Renters Reform Bill.

The Office for Budget Responsibility (OBR) has warned the move will hit landlords’ profitability and push rents higher , with basic, higher and additional rates due to increase to 22 per cent, 42 per cent and 47 per cent. New Feature

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The change could add between £20 and £25 a month to typical rents in England, according to The National Re

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