questionText: To ask the Chancellor of the Exchequer, with reference to paragraph 6.48ff of the report by the Office for Tax Simplification entitled Property income review: simplifying income tax for residential landlords, published on 25 October 2022, whether his Department has made an assessment of the potential merits of introducing a brightline test to provide tax reliefs where property letting activities subject to income tax would qualify as a trade.
answerText: The suggestion by the Office for Tax Simplification (OTS) for a brightline test would create an arbitrary dividing line, and potential preferential tax treatment for those able to afford to buy more properties, as opposed to considering whether an activit...
heading: Landlords: Taxation