Changes to the way private landlords are taxed have
prompted a majority of landlords to consider pushing up their rents, according
to the Residential Landlords Association (RLA). In a survey of landlords, the
RLA found that 65% are now considering increasing rents as a direct result of
the Budget. The interim findings contradict the Government’s argument that the
changes to tax for private landlords would not encourage higher rents, the RLA
said. The Chancellor announced earlier this month that Mortgage Interest Relief
for residential landlords would be restricted to the basic rate of income tax
and landlords will no longer be entitled to an automatic entitlement to a wear
and tear allowance for their properties. Read more on the Housing Excellence
website.
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