Income tax on savings & rental income increased by 2% from April 2027
In a further attack on landlords (and savers), Rachel Reeves announced that the income tax rate paid on savings and rental income will increase by 2% from April 2027, creating a separate tax rate for these sources of income. She then summarised her speech by confirming that Labour have stuck by their election manifesto by not raising income tax and Corporation TAX….errrr…I beg to differ!
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