Agents’ anger at latest tax hit for private rental sector
Summary
The article reports strong criticism from lettings professionals after the Budget announced an additional 2% tax on income from property revenue from next spring, on top of a previously announced 2% rise. Commentators argue that the combined tax increase, alongside wider regulatory change, could accelerate landlord exits, reduce rental supply and put upward pressure on rents.
Why it matters
Residential surveyors working in valuation, lettings and investment will need to factor in changing landlord economics and potential shifts in rental supply and pricing. The article also signals continued policy pressure on the private rented sector, which may affect asset values and market sentiment.
Key points
- Budget adds a further 2% tax on property income from next spring.
- Industry figures say the combined tax rise could prompt more landlords to leave the market.
- Reduced rental supply is expected by commentators to support higher rents.
- The article links the tax change with wider regulatory pressure, including the Renters’ Rights Act.
- Some respondents expect more stock to be sold, with possible knock-on effects on house prices.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
