Taxes should vary between Buy To Let and big investors – agents’ call
Summary
Propertymark is urging the Government to use the Budget to review property taxation across the housing market, with particular focus on the cumulative burden on private landlords and the effects of Stamp Duty, Capital Gains Tax and related charges. It also calls for more practical support for energy-efficiency improvements and for Local Housing Allowance to better reflect local rents.
Why it matters
These proposals affect the economics of private renting, transaction volumes and incentives to invest in housing stock, all of which are relevant to surveyors advising on residential property and market conditions. The article also touches on retrofit costs and tax policy, which can influence valuation assumptions and client decisions.
Key points
- Propertymark wants a comprehensive review of property taxation in the Budget.
- It argues that cumulative tax changes are affecting private landlords’ costs, risks and investment decisions.
- The group calls for a review of Stamp Duty Land Tax, including rates, thresholds and wider market effects.
- It supports energy-efficiency improvements but wants stronger tax incentives and financial support for retrofit works.
- It says Local Housing Allowance should keep pace with rents to support access to the private rented sector.
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