Originally Posted by
fungus pudding
What rubbish. Tax is never assessed on income: it is paid on profit. Providing rental accomodation is a money making venture, although not classed as a business, therefore outgoings do not form part of the profit. Occupying your own dwelling is a whole different ballgame.
To claim this is a 'luxury' not afforded to home owners is absurd.
If you are suggesting landlords should be taxed on total rent, then rents would necessarily skyrocket, as much from increased costs to landlords as well as suffering from a dried up market.
If on the other hand you are suggesting that home owners be permitted to deduct such costs from whatever income they have, then the price of houses would be astronomical.