Landlords have lost their legal bid to force a judicial review of the government\u2019s plans to cut tax relief for landlords.<\/p>\n
The new changes come into effect next year when tax relief on mortgage<\/a> interest is gradually reduced to a flat rate of 20%. This, as well as an extra 3% stamp duty in buy to let property purchases, has been described as \u201cunfair, undemocratic and underhanded\u201d by landlords.<\/p>\n Cherie Blair\u2019s Legal Challenge<\/strong> Axe the Tenant Tax Group<\/strong> \u201cIt has completely missed the opportunity to protect tenants<\/a>, landlords and the housing market from the disastrous consequences of Section 24,\u201d they said after the verdict.<\/p>\n NLA Verdict<\/strong> \u201cThis decision is ultimately disappointing not just for landlords, but for the tenants who will see their rents rise as a consequence of the changes to landlord taxation.\u201d<\/p>\n Although he conceded that: \u201cWhile we have never been convinced that there was a solid enough legal case to overturn George Osborne\u2019s decision, we hoped the courts would be prepared at least to listen to the arguments.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Landlords have lost their legal bid to force a judicial review of the government\u2019s plans to cut tax relief for landlords. The new changes come into effect next year when tax relief on mortgage interest is gradually reduced to a … Continue reading
\nA campaign group, championed by Cherie Blair, decided to launch a legal challenge, but Timothy Brennan QC said the claim was \u201cunarguable\u201d and that the case was not in the public interest. Mr Justice Dingemans refused to allow a judicial review to go ahead on the basis that \u201cIt would be a miserable spectacle to watch a case that is bound to fail.\u201d<\/p>\n
\nSteve Bolton and Chris Cooper, founding members of the Axe the Tenant Tax group, were not happy with the court\u2019s decision.<\/p>\n
\nRichard Lambert, CEO of the National Landlords Association, added:<\/p>\n