By Graham Norwood/ Letting Agent Today
The people behind the bid for a judicial review into Clause 24 of the Finance Act 2015 – limiting mortgage interest tax relief for some landlords – has been given a date for their next court hearing.
“A date of either the 14th or 15th September has been confirmed. This is
good news because it is one month earlier than expected, which means we will know next month if we are able to proceed with a full Judicial Review” says an update from Steve Bolton and Chris Cooper.
As extensively reported on LAT in the past, these two landlords say section 24 of the Finance (No. 2) Act 2015 is an infringement on buy to let investors’ rights and believe it could be declared null and void on a judicial review.
Their latest statement goes on: “Our legal team are now hard at work attending to the remaining preparations for the permission hearing, and together, we are confident that our case is strong enough to progress.” Funding for this latest phase of the legal battle – which has included substantial donations from the National Landlords Association and the letting agency Belvoir – has been successfully completed.
“If, as we hope and expect, permission is granted [for a judicial review] then we will launch phase three of the legal funding campaign” says Bolton and Cooper.