GOVERNMENT officials are continuing work on proposals that could see mortgage interest tax relief for landlords restricted or removed, the Treasury Minister has confirmed.
Deputy Elaine Millar said officers were “currently preparing a full report, including an economic impact assessment”, following a public consultation published in September last year.
The consultation examined whether landlords should continue to deduct mortgage interest costs from rental income for tax purposes, or whether the relief should be removed or limited.
It warned that changes could have knock-on effects for rents, house prices and the supply of rental homes, depending on how many landlords were affected and how quickly any reform was introduced.
The report will be considered by the Council of Ministers in the first quarter of 2026.
Deputy Millar said a decision would be made at that point, with the outcome “notified to members thereafter”.
The Treasury Minister provided the update in response to a written question from Deputy Catherine Curtis.
