Tax threat to landlords – Burnham warned against change
Summary
The article reports warnings from Knight Frank’s Tom Bill that possible tax changes, including aligning Capital Gains Tax with Income Tax, could increase pressure on landlords and potentially push more owners to sell. It also argues that the Renters Rights Act has already contributed to some landlords exiting the sector and to higher asking rents, with possible knock-on effects for tenants and the wider rental market.
Why it matters
Residential surveyors may see implications for landlord behaviour, rental supply, and pricing if tax policy changes accelerate disposals or reduce investment in the private rented sector. The article also highlights how recent legislative change can affect market sentiment and transaction patterns, particularly in flats and higher-value stock.
Key points
- Possible CGT alignment with income tax could raise the tax burden on landlords.
- Landlord exits may reduce rental supply and add upward pressure on rents.
- The Renters Rights Act is cited as increasing financial risk for landlords.
- Flat sales are noted as increasingly difficult, which could leave some owners exposed to policy changes.
- Further tax measures on high-value property could affect the prime London market.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
