COVID support for landlords
Campaigning and Policy

Canada Water
Canada Water
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1 Posts
7 months ago
Is there any COVID era Government support for Landlords who are otherwise self-employed and, if not, is the RLA politically active on this?

The enquiry relates specifically to the 50% rule under the Self-Employed Income Support Scheme (SEISS): It is my understanding that Government grants under the COVID era are not available for the self-employed, where the self-employment business accounts for less than 50% of the individual's income. As a private Landlord, my income from my two properties (owned directly, not through a Limited company), was more than that from my relatively new, self-employed business, and under the 50% rule I believe I therefore do not qualify for Government support.

With mortgage interest now becoming 100% non-deductable from property income (albeit it qualifies for 20% tax relief), am I right that a self-employed business would need to earn more than their gross rental income (i.e: not income minus mortgage interest and other expenses), in order to qualify for a COVID grant under the 50% rule? This seems to be a tall ask for Landlords, whose rental income is often used to cover the mortgage interest. Can I check if this is correct, and if so, I wonder if the RLA could represent the issues to Government.

Thank you.

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