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Rachel Reeves’ new landlord tax will cause the rental market to “dry up” and push record-high rents even higher, a leading figure in the property market has warned.
In a stark warning to the chancellor, Simon Gammon, the founder and managing director of mortgage brokers Knight Frank Finance, said her Budget decision to hike tax on landlords’ rental incomes by 2 per cent will be the “last straw” for many, forcing them to sell up.
He said: “The nonsense is that the more p
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