True to form, with yesterday's PBR, Brown and Darling have achieved several other sneaky tax grabs.
One I've spotted is the removal of an individual's personal tax allowance when UK citizens are non-resident eg working on contract in another country. See in
Meanwhile if you are a Buy to Let speculator you can still offset all your rental income against your cost of borrowing. Weird isn't it?
If they stopped the rental income against borrowing costs on BTLs then the over -inflated house market would deflate overnight and ordinary working folk could afford to buy their homes.
Labour just doesnt think it through. They are so preoccupied with fleecing middle England that they miss the plot on the big picture.