Selling up and increasing rent seen by landlords as the solution for rising tax bills

Landlords who have seen their tax bill rise see selling property, increasing rents and reducing borrowing as their main options to cope with the change, the latest private rented sector report suggests. Some 58% of landlords saw an increase in the 2017/2018 tax bill with the increase on average some £3,039, with a third saying this was higher than expected. The trends report from Paragon, covering the first quarter of 2019 and which tracks the opinion and experience of over 200 landlords across the UK, also found that landlords with three or more properties were more likely to report an increase in their tax bill than those with smaller portfolios.