Landlords enjoy

Landlords enjoyed a record

Landlords enjoyed a record £14bn in tax breaks in 2013, according to figures revealing the expansion of the UK’s buy-to-let market in the aftermath of the financial crisis.

Property owners, who can claim tax deductions for a wide range of expenses when they rent out homes, claimed £6.3bn in tax relief against the cost of mortgage interest alone in the 2012-13 financial year. The scale of the tax breaks was revealed by HM Revenue & Customs after a freedom of information request.

The figures reveal that the number of landlords has increased by more than one-third over the past six years: 2.1 million taxpayers declared income from property in the 2012-13 financial year, up from 1.5 million in 2007-08.

Read the full story on the Guardian website