Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what taxes related to property are paid by (a) unincorporated residential landlords on properties they rent out and (b) owner occupiers.

Unincorporated residential landlords are chargeable to income tax on the profits of their rental business.

A landlord who buys a property is liable to stamp duty land tax on the purchase price. A landlord who sells a rental property will pay capital gains tax on any increase in the value of the property.

Unincorporated residential landlords will not usually be registered for VAT as domestic lets are exempt from VAT.

An owner occupier would be chargeable to income tax on any rental income from their property. An owner occupier would also pay stamp duty land tax when they buy a property.

An owner occupier would not pay capital gains tax on the sale of a property that had been their main residence for the whole period of ownership, as this would be exempted by private residence relief.

Owner occupiers would usually be liable for council tax.