Saturday, March 9, 2013
They own property, give them money
Analysis of favourable tax treatment to home buyers and BTL brigade by John Perry, policy adviser to the Chartered Institute of Housing. The total annual subsidy to the BTL sector has now reached Â£8.6bn, or 40% of the benefit bill. Hidden tax reliefs to owner occupiers now worth an estimated net Â£14bn Favourable tax treatment is a factor in house prices being so high , and in effect is a subsidy to existing owners at the expense of those who want to own but can't.