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However, it was the threat of an even higher tax rate on capital gains from property – widely thought to be under consideration in October’s Budget – that finally made the decision for him.

If the Government decided to increase the tax on gains from property, sales analysis shows the average landlord would be £11,000 worse off.

“Speculation varied but some had the rate going as high as 45pc,” he said. “Turns out that Rachel Reeves didn’t put up capital gains on rental properties but I still feel it is not worth the effort now.

They sold because of the cunts in the Telegraph speculating on what Reeves was going to do.