Landlords need a level playing field
As a small-time student landlord myself I have to make a couple of points after Canterbury City Council said it wants to charge landlords business rates.
This appears fair enough but what is not commonly known is that the government is looking to abolish interest expense on rented property as an allowable deduction on income tax. It is saying that it doesn’t regard property investment as a business. Of course this is a nonsense. There are many landlords who professionally run property businesses.
Look at all the other businesses in Canterbury that derive a large proportion of their income from our booming student population – nightclubs, pubs, restaurants, shops, takeaways etc. Why should these be allowed favourable terms regarding interest and landlords not? It’s one thing to impose business rates but it’s hardly a level playing field. Why does our council and some of our councillors always look to vilify landlords?
Cllr Terry Westgate says that residents feel they are “subsidising landlords” while Cllr Jean Butcher said landlords were “making huge profits”.
The city council should be supporting landlords who not only provide of employment to many tradespeople but provide a vital role in housing students. The council should be asking our MP Sir Julian Brazier to get the government to revisit its proposal. David Long St Dunstan’s, Canterbury