click to enable zoom
loading...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My Location Fullscreen Prev Next
Your search results

Landlord tax relief would boost supply and Treasury funds – research

Posted by admin on June 30, 2023
28 Comments

Scrapping a tax hike on private landlords could help ease the housing crisis faced by renters and boost Treasury coffers, according to an analysis by research consultancy Capital Economics.

Since 2021, mortgage interest tax relief for landlords has been limited to the basic rate of income tax. Modelling conducted for the National Residential Landlords Association (NRLA) by Capital Economics suggests that reinstating mortgage interest relief (MIR) in full for the private rented sector would help alleviate the sector’s supply crisis.

According to the analysis, if the Bank of England’s base interest rate was to peak at 5% and remain above 2.5% until the end of 2027, as many predict, up to 13% (735,000) of private rented properties could be lost across the UK compared to 2021. This would lead to a loss of £1bn of Income and Corporation Tax revenue per year for the Treasury.

With MIR reinstated, Capital Economics estimates that 110,000 fewer properties would be lost from the private rental market, with the Treasury benefiting to the tune of £400m in Income and Corporation Tax.

Capital Economics also found that scrapping the mortgage interest reforms could reduce future rental inflation in the sector and ease financial pressures on landlords planning maintenance and improvements.

The NRLA has called on the government to undertake a full review to examine the impact of recent tax rises on the sector, suggesting that such a review should cover the effect MIR changes have had on the supply of private rented homes and the cost of accessing rented housing.

Ben Beadle, chief executive of the NRLA, commented: “In 2015 the government said it wanted to ‘create a more level playing field between those buying a home to let and those buying a home to live in’. In doing so it hiked costs for responsible landlords and totally ignored the burden it would create for renters.

“In the midst of an unprecedented cost-of-living crisis, the government needs to put economic reality before political pride and reverse this travesty of a reform.”

Beadle added: “Tax hikes on landlords, exacerbated by rising interest rates, have deepened the supply crisis. And as this research demonstrates the situation is unlikely to improve until and unless it is reversed.

“A radical rejection of these damaging policies is necessary to help stem the tide of lost rental properties, limit rent rises and boost Treasury revenue.”

This article is taken from Property Industry Eye.

28 thoughts on “Landlord tax relief would boost supply and Treasury funds – research

  • on June 10, 2024

    Your point of view caught my eye and was very interesting. Thanks. I have a question for you.

  • on June 11, 2024

    Your article helped me a lot, is there any more related content? Thanks!

  • on June 21, 2024

    Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  • on June 24, 2024

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • on July 15, 2024

    Having read your blog, you obviously know what you are talking about. I’m sure visiting my page Article Star about Web Design will be worth your time!

  • on July 20, 2024

    Your blog is a constant source of learning – thank you!I’m ready to subscribe, but I seem to be missing the confirmation email

  • on July 20, 2024

    Share your favorite blog post in the comments below!

  • on August 5, 2024

    Hey would you mind letting me know which webhost you’re utilizing? I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot faster then most Can you recommend a good hosting provider at a reasonable price? Thanks a lot, I appreciate it!

  • on August 16, 2024

    This is top-notch! I wonder how much effort and time you have spent to come up with these informative posts. Should you be interested in generating more ideas about Car Purchase, take a look at my website QH3

  • on August 23, 2024

    Great site with quality based content. You’ve done a remarkable job in discussing. Check out my website YK3 about Thai-Massage and I look forward to seeing more of your great posts.

  • on August 27, 2024

    An egg only as she actually made less successful, but was a baby what is priligy tablets Papillomatose papuleuse confluente et rГ©ticulГ©e Gougerot Carteaud a further form of skin amyloidosis

  • on August 30, 2024

    I am genuinely thankful to the owner of this website for sharing his brilliant ideas. I can see how much you’ve helped everybody who comes across your page. By the way, here is my webpage QH5 about Marketing.

  • on September 3, 2024

    You’ve done an impressive work on your website in covering the topic. I am working on content about Airport Transfer and thought you might like to check out FQ4 and let me what you think.

  • on September 11, 2024

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

  • on September 21, 2024

    أنابيب ABS في العراق تعد شركة إيليت بايب في العراق من الرواد في إنتاج أنابيب الـ ABS، التي تُقدّر لقوتها وصلابتها ومقاومتها للصدمات والمواد الكيميائية. تم تصنيع أنابيب الـ ABS لدينا وفقًا لأعلى المعايير، مما يضمن موثوقية وأداءً طويل الأمد في تطبيقات متنوعة. باعتبارها واحدة من أفضل وأكثر شركات تصنيع الأنابيب موثوقية في العراق، تلتزم شركة إيليت بايب بتقديم منتجات تلبي احتياجات عملائنا. لمزيد من المعلومات المفصلة حول أنابيب الـ ABS الخاصة بنا، تفضل بزيارة elitepipeiraq.com.

  • on September 21, 2024

    Your writing style is cool and I have learned several just right stuff here. I can see how much effort you’ve poured in to come up with such informative posts. If you need more input about Thai-Massage, feel free to check out my website at 46N

  • PVC Pipes in Iraq Elite Pipe Factory in Iraq is a leading name in the production of high-quality PVC pipes, providing durable and reliable solutions for a range of applications. Our PVC pipes are designed to meet rigorous standards, ensuring longevity and performance even in the most demanding environments. With a commitment to excellence, Elite Pipe Factory stands out as one of the best and most reliable manufacturers in Iraq, offering products that deliver both strength and flexibility. For more information on our PVC pipes and other offerings, visit our website at elitepipeiraq.com.

  • on October 5, 2024

    Не знаешь, где взять деньги быстро и без отказов? Тогда заходи на mirtinvest.ru! У нас — подборка лучших МФО, готовых выдать микрозайм прямо сейчас, без лишних проверок и вопросов. Мы проверили все предложения, чтобы ты мог спокойно получить деньги на карту в любое время. Забудь про долгие ожидания — просто выбери свой займ и наслаждайся свободой!

  • on October 5, 2024

    Мгновенные кредиты онлайн в МФО 2024 года. Деньги на карту даже с плохой историей.

  • on October 8, 2024

    rüyada yeşil at görmek

  • on October 8, 2024

    Не знаешь, где взять деньги быстро и без отказов? Тогда заходи на mirtinvest.ru! У нас — подборка лучших МФО, готовых выдать микрозайм прямо сейчас, без лишних проверок и вопросов. Мы проверили все предложения, чтобы ты мог спокойно получить деньги на карту в любое время. Забудь про долгие ожидания — просто выбери свой займ и наслаждайся свободой!

  • on October 8, 2024

    Если вы хотите придать уникальность своему автомобилю и создать неповторимый образ, то на сайте baikalwheels.ru у вас предлагается вариант купить литые диски в перми лучших мировых брендов. В каталоге представлены такие производители, как Replika, Nitro, Legeartis и K&K, которые славятся качеством. Размеры варьируются от 16 до 22 дюймов, что позволяет подобрать идеальные диски для любых автомобилей — от седанов до внедорожников.

  • На mirtinvest.ru тебя ждут более 40 надёжных МФО, которые выдают микрокредиты на карту онлайн без отказов! Для всех от 18 лет, с минимальными требованиями и ставкой не более 0,8% в день — это твой шанс получить деньги быстро и без стресса. Мы работаем только с лицензированными компаниями, так что можешь быть уверен в безопасности сделки. Оформляй займ прямо сейчас и забудь про финансовые сложности!

  • on October 9, 2024

    Hey there, I love all the points you made on that topic. There is definitely a great deal to know about this subject, and with that said, feel free to visit my blog UQ9 to learn more about Data Entry.

  • on October 9, 2024

    Не ждите отказов! У нас только те МФО, которые реально одобряют взять микрозайм без отказа до 30 000 рублей всем.

  • Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me? https://accounts.binance.com/cs/register?ref=S5H7X3LP

Leave a Reply

Your email address will not be published.

  • Advanced Search

Compare Listings