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I fully support the call to stop this punitive tax, but do people realise just how far George Osborne went with hitting Landlords. He closed the tax break on wear and tear on property which will cost Landlords throughout the country millions of pounds. He is also closing the tax break on interest payments on mortgages which will be fully closed within 3/4 years. Again this will cost landlords millions of pounds. We are small property company and the changes to the wear and tear and loss of tax on interest payments will cost us an estimated extra £25,000 next year. To big businesses this does not sound anything but to us small businesses it will more than likely push us out of the market. these changes and the result of them are barely mentioned in the media but it will create an awful lot of rent hikes and fewer homes to rent. Many of the Landlords in my area are already selling up. That will really help people who simply cannot get a mortgage or find a suitable home to rent.

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