Written Question·Ministry of Housing, Communities and Local Government·UIN 32825
Local Government Finance
Tabled: 21 February 2025
Answered: 4 March 2025
Question
Dr Roz Savage
Liberal Democrat — South Cotswolds
To ask the Secretary of State for Housing, Communities and Local Government, whether her Department has made an assessment of the potential impact of reforms to the taxation of (a) rental income, (b) shareholder dividends and (c) other passive income on
Answer
Jim McMahonIncome tax is the largest source of Government revenue and helps to fund the UK’s schools, hospitals, and other essential services that we all rely on. In 2024-25, the Office for Budget Responsibility expect income tax to raise around £302.7 billion. Taxe...
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