A law firm has written to HMRC challenging new rental tax on individual landlords introduced by the Finance Act 2015. The limiting of tax relief on interest expenses for buy-to-let landlords, but not companies, is being queried on human rights grounds. There is even a possible issue over the tax amounting to state aid, or discrimination, because it favours corporations and overseas landlords over UK individuals. The letter is just a ranging shot in a possible judicial review challenge. Even so, following the Google deal, there is growing concern about possible discrimination against UK taxpayers compared to the special deals given to non-UK businesses.
Tax Barrister, Accountant