Landlords blaming Reeves’ income levy for rent hikes

MOST landlords preparing to put up rents blame the Chancellor's new tax on property income, a poll found.

- By Mauricio Alencar

MOST landlords preparing to put up rents blame the Chancellor's new tax on property income, a poll found.

Two-thirds of those raising prices in the coming year cited the 2% hit on their income from April 2027.

The new levy was among tax hikes announced at November's Budget as Rachel Reeves increased the size of her headroom to just under £22billion.

It is projected to raise around £500m by 2030.

Pensions minister Torsten Bell advocated for the property income tax when he was the chief executive of the Resolution Foundation.