‘You should be forced to sell’: LBC caller debates landlord
Labour is considering a tax on landlords – would this be a fair attempt to rebalance the UK’s property market, or a punishment on the hard work of those who have bought another home? Nick Ferrari took two callers on either side of the debate to hash it out.
Labour’s proposals would charge national income on the rental income received by landlords from their tenants.
James, who is a landlord, said this would be ‘unfair’ and inevitably lead to passing costs for repairs onto his tenants. Steve, however, claimed this would be ‘good’ and that this would rebalance the market.
Admittedly on the side of landlords, Nick compared this reasoning to ‘North Korea’ and warned landlords would ‘flog’ their properties, reducing the supply of rental units and increase the general price of rent. In other words, this move would be counterproductive to helping renters.
Credit to : LBC