The people behind the campaign to seek a judicial review of the buy to let tax changes proposed by Chancellor George Osborne say they should hear soon whether the challenge can go ahead.
“Our application to the court for a Judicial Review was lodged in mid February. A joint response came back from HMRC and the Treasury by way of their Acknowledgment of Service. We worked closely with our lawyers and have sent a robust response to the courts to counter the issues raised. We are now waiting for the court to rule whether we have permission to proceed to a full Judicial Review hearing” say the campaigners.
Letting Agent Today has already extensively covered the attempt by landlords Steve Bolton and Chris Cooper to secure a review of section 24 of the Finance (No. 2) Act 2015 which includes the proposed restriction of mortgage interest tax relief at a basic rate, even for higher rate-paying landlords. This follows Osborne’s announcement on the interest tax relief change, initially made back in July.