The Telegraph report:
Over one million landlords claim annual tax breaks on their investment properties each year, citing tax-deductible costs totalling £13bn. These are legitimate expenses, the biggest of which is the £6bn annual cost of interest paid on buy-to-let mortgages.
Using assumptions about the tax brackets into which most landlords are likely to fall, a think tank – the Intergenational Foundation – has calculated these reliefs cost the wider taxpaying public up to £5bn per year.
It has published the information in a report with the provocative title “Why Buy to Let equals Big Tax Let-off”.