However clampdown on those setting up companies to minimise tax burdens may ultimately lead to additional controls on landlords.

There was no explicit reference to the introduction of mortgage interest tax relief changes for landlords, announced in the summer of 2015 and scheduled to begin next month; as some landlord groups had campaigned for it to be scrapped.

However, measures announced to minimise the advantages of self-employed over the employed in terms of National Insurance and tax payments suggest that the fine print of the Budget may have some issues for landlords, including those who set up companies to reduce the impact of the mortgage interest change. £0

The Residential Landlords Association (RLA) has already estimated that about a fifth of landlords may be affected by the National Insurance changes.

Prior to the Budget it was made known to the media that the Treasury had looked at data surrounding the effect of stamp duty on both residential transaction levels and on revenue achieved by the measure. But Hammond ruled out action now, suggesting he would see if there was a need for further revision of SDLT later in 2017.

Other measures introduced include cutting corporation tax to 19% this year and then 17% in 2020, which will of course help any landlords with properties held in companies. £0

Should you wish to discuss the Budget with us further, please do not hesiate to contact us. £0