Landlords: Licensing

Treasury written question – answered on 16th July 2020.

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Photo of Stephen Timms Stephen Timms Chair, Rt Hon Stephen Timms MP Committee, Chair, Rt Hon Stephen Timms MP Committee

To ask the Chancellor of the Exchequer, what estimate his Department has made of the additional tax receipts that would be raised from a national licensing scheme for residential landlords.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

All individual landlords are liable to income tax at normal rates on any taxable profits they receive from property that they rent. Landlords must contact HMRC if they have any taxable profits from property.

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