A group of landlords have lost their High Court attempt to force a judicial review of legislation to reduce tax relief on buy-to-let interest payments starting in April 2017. The groups hearing took place yesterday at the royal court of justice, London.
The group named the new measure on restricting mortgage interest relief the “tenant tax” and claim that tenants will see rent increases as a result.
The group argued that as the legislation applies to individuals and not corporate landlords, it is unlawful as it could result in a grant of state aid to corporate landlords.
This loss signals the end of the legal route but the group intend to continue their campaign to put pressure on MPs to amend tax policy.