Landlords enjoyed a record £14bn in tax breaks in 2013, according to figures revealing the expansion of the UK’s buy-to-let market in the aftermath of the financial crisis.

Property owners, who can claim tax deductions for a wide range of expenses when they rent out homes, claimed £6.3bn in tax relief against the cost of mortgage interest alone in the 2012-13 financial year. The scale of the tax breaks was revealed by HM Revenue & Customs after a freedom of information request.

Reported by the Guardian. You can read the full story here. 

Matthew Burgess
http://www.mattburgess.co
I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare time ever since.