Reeves and her partner earn ￡74,000 a year from rental properties (Image: Getty)
Chancellor Rachel Reeves and her husband earn ￡74,000 a year from rental income, according to new reports.
The revelation comes after Ms Reeves hiked taxes by ￡40billion in the Budget, including policies that will hurt landlords.
DON'T MISS
Powered by
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
Nightmare on Downing Street: Rachel Reeves tipped to leave wealthy scrambling for the exit
87 Comments
Keir Starmer dealt massive poll blow as Tories take lead for first time in 3 years
1500 Comments
Squirming Labour minister torn apart by Sky News presenter in painful interview
574 Comments
DWP gives ￡3,830 boost to people claiming these four benefits
10 Comments
Martin Lewis MSE's urgent warning to anyone earning under ￡35k 'could be owed ￡6k'
1 Comments
DWP payments worth almost ￡4k for those State Pension age
Comments
Savers could face ￡13.5billion tax bill by 2030 - but you can avoid it by doing this
Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
31 Comments
Tory leadership LIVE: Badenoch or Jenrick lie in wait as Starmer suffers devastating blow
404 Comments
Budget "woe" for property market following rises in Stamp Duty and mortgage interest rates
Comments
Seven steps to protect your finances following Budget tax hikes - Hargreaves Lansdown
Comments
Martin Lewis issues warning over five things in Labour's Budget
1 Comments
UK households given ￡570 boost after Budget change
64 Comments
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
Nightmare on Downing Street: Rachel Reeves tipped to leave wealthy scrambling for the exit
87 Comments
Keir Starmer dealt massive poll blow as Tories take lead for first time in 3 years
1500 Comments
Squirming Labour minister torn apart by Sky News presenter in painful interview
574 Comments
DWP gives ￡3,830 boost to people claiming these four benefits
10 Comments
Martin Lewis MSE's urgent warning to anyone earning under ￡35k 'could be owed ￡6k'
1 Comments
DWP payments worth almost ￡4k for those State Pension age
Comments
Savers could face ￡13.5billion tax bill by 2030 - but you can avoid it by doing this
Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
31 Comments
Tory leadership LIVE: Badenoch or Jenrick lie in wait as Starmer suffers devastating blow
404 Comments
Budget "woe" for property market following rises in Stamp Duty and mortgage interest rates
Comments
Seven steps to protect your finances following Budget tax hikes - Hargreaves Lansdown
Comments
Martin Lewis issues warning over five things in Labour's Budget
1 Comments
UK households given ￡570 boost after Budget change
64 Comments
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
She imposed higher taxes on stamp duty despite receiving rent from two properties bringing in more than ￡6,000, the Telegraph reports.
Ms Reeves lets her old family home out for about ￡3,200 a month while her husband, senior civil ervant Nicholas Joicey, lets out his two-bedroom flat in London for ￡3,200 a month.
This income tops up the pair's six-figure salaries in their respective roles.
READ MORE ‘I’m a first-time buyer - Reeves’ lack of Stamp Duty support is demoralising' [BUDGET]
Reeves put up stamp duty and capital gains tax (Image: Getty)
The average landlord makes around ￡16,500 a year from their properties.
Ms Reeves also raised capital gains tax rates, a move that could impact those looking to sell their homes.
Conservative MP Ben Obese-Jecty told the Telegraph: “Having just announced a deeply unpopular Budget that has caused mortgages to rise, how does the Chancellor justify the ￡74,000 rental income of her and her husband’s London properties whilst living rent-free in Downing Street as their mortgages are paid for? It’s no wonder she abstained from the most recent vote on the Renters’ Rights Bill.
“Her Budget snatched the ￡300 winter fuel payment from some of our poorest pensioners, robbed farmers of their ability to pass on their farms and will lead to lower wages for working people. This is yet another slap in the face for British people.”
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
Tory MP Greg Smith added: “Classic Labour Party do as I say, not as I do. I’m all right Jack, now I’m going to pull the drawbridge up. Yet another Labour action that doesn’t pass the sniff test.”
DON'T MISS
Powered by
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
Nightmare on Downing Street: Rachel Reeves tipped to leave wealthy scrambling for the exit
87 Comments
Keir Starmer dealt massive poll blow as Tories take lead for first time in 3 years
1500 Comments
Squirming Labour minister torn apart by Sky News presenter in painful interview
574 Comments
DWP gives ￡3,830 boost to people claiming these four benefits
10 Comments
Martin Lewis MSE's urgent warning to anyone earning under ￡35k 'could be owed ￡6k'
1 Comments
DWP payments worth almost ￡4k for those State Pension age
Comments
Savers could face ￡13.5billion tax bill by 2030 - but you can avoid it by doing this
Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
31 Comments
Tory leadership LIVE: Badenoch or Jenrick lie in wait as Starmer suffers devastating blow
406 Comments
Budget "woe" for property market following rises in Stamp Duty and mortgage interest rates
Comments
Seven steps to protect your finances following Budget tax hikes - Hargreaves Lansdown
Comments
Martin Lewis issues warning over five things in Labour's Budget
1 Comments
UK households given ￡570 boost after Budget change
64 Comments
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
Nightmare on Downing Street: Rachel Reeves tipped to leave wealthy scrambling for the exit
87 Comments
Keir Starmer dealt massive poll blow as Tories take lead for first time in 3 years
1500 Comments
Squirming Labour minister torn apart by Sky News presenter in painful interview
574 Comments
DWP gives ￡3,830 boost to people claiming these four benefits
10 Comments
Martin Lewis MSE's urgent warning to anyone earning under ￡35k 'could be owed ￡6k'
1 Comments
DWP payments worth almost ￡4k for those State Pension age
Comments
Savers could face ￡13.5billion tax bill by 2030 - but you can avoid it by doing this
Comments
Families face a ￡9,700 tax bill over the next five years thanks to Rachel Reeves
31 Comments
Tory leadership LIVE: Badenoch or Jenrick lie in wait as Starmer suffers devastating blow
406 Comments
Budget "woe" for property market following rises in Stamp Duty and mortgage interest rates
Comments
Seven steps to protect your finances following Budget tax hikes - Hargreaves Lansdown
Comments
Martin Lewis issues warning over five things in Labour's Budget
1 Comments
UK households given ￡570 boost after Budget change
64 Comments
Andrew Neil exposes 'small print detail' in Labour's 'stupid' Budget you might have missed
192 Comments
'How could you?' BBC QT audience member rips into Labour minister over tax bombshell
491 Comments
6 key DWP money changes and payments in November as households given extra ￡475
4 Comments
Finance expert warns pensioners face eyewatering 70% tax on pensions after Budget
5 Comments
'Get ready!' Lee Anderson's brutal two-word warning after markets turn on Rachel Reeves
220 Comments
Rachel Reeves' mask disintegrates as she shows exactly where she wants UK to be
882 Comments
Labour defends 'value for money' tsar receiving ￡950-a-day for one day a week at work
93 Comments
A Labour Party spokesman said: “The rental incomes have been declared in the usual way in accordance with the rules.”
Ms Reeves bought her family home along with her husband in 2012 for ￡599,950.
It is estimated that the property is now worth around ￡950,000.