With all the political point-scoring and tax cut debates, you’d be forgiven for missing what Jeremy Hunt’s Budget has overlooked.
There was plenty for homeowners and landlords, with cuts to capital gains tax, making it cheaper to sell properties. Abolishing tax relief for holiday lets also looked like an attempt to please residential landlords who have complained about the unequal playing field. This Budget will also help high earners – cuts to National Insurance will disproportionately benefit the richer in society, and a British ISA means the wealthy can invest (tax free) even more than before.
So all those struggling landlords and investors will be able to sleep easy tonight. Meanwhile there’s a growing crisis being ignored by the chancellor: renting.
