To ask the Chancellor of the Exchequer, whether his Department has made a recent assessment of the potential impact of section 24 of the Finance Act 2015 on the (a) availability of private rental housing stock and (b) rental prices.

The Government implemented a set of reforms to restrict finance cost relief to the equivalent of the basic rate of income tax to address unfairness and make sure that all landlords are treated the same.

To minimise the impact on landlords who are affected, the Government chose to act in a proportionate and gradual way. The restriction was announced almost two years before its implementation and was phased in over four years to give landlords time to adjust to the changes.

The Government keeps all tax policy under review.