Sunak offers tax breaks to landlords

Rishi Sunak will unveil tax breaks for landlords on Tuesday as he puts reducing the tax burden and boosting home ownership at the heart of the Conservative general election manifesto.

The Telegraph can reveal that the Prime Minister will promise to scrap capital gains tax for landlords who sell their property to tenants. The scheme would last two years.

Mr Sunak will also pledge a tax cut for 27 million households if he is re-elected by reducing employee National Insurance again, this time to 6 per cent.

The return of the Help to Buy scheme and a vow to abolish stamp duty for first-time buyers on properties worth less than £425,000 will also be included in the manifesto.

The unveiling of the manifesto, which is about 80 pages long, is one of the last major moments in the campaign calendar for the Tories to trigger a comeback before the general election on July 4.

The policies are an attempt by Mr Sunak to return to traditional Tory strengths of cutting taxes and building homes, after years of a rising tax burden and housing shortages.