Rathbones: Landlords face up to £36,000 extra property income tax over 25 years from Budget rises

Created Nov 11, 2026 • AI-generated summary

Rathbones analysis (reported 3–11 November 2026) of the property income tax rises announced across the past two Budgets, taking rates up four percentage points to 24% basic, 44% higher and 49% additional from April 2027. Assuming 2% annual rental income growth, Rathbones projects extra tax over 25 years of almost £36,000 for a landlord earning the average London rent, £22,109 in the South East, £19,956 in the East of England, £19,234 in the South West, and £12,146 in the North East; first-year impacts range from about £380 (North East) to £1,122 (London). Rathbones highlights the burden on small-scale retired landlords (31% of English private landlords per government research) and warns clients are considering cutting portfolios or selling, risking higher rents for aspiring homeowners. Membership limited to coverage of this Rathbones analysis and its figures; excludes the IMLA report and Budget announcement coverage.