Tuesday, 11 April 2017

Tax Rises And Tougher Regulation Kick In For Private Rented Sector

New conditions to crackdown on rogue landlords come in alongside tax rises critics claim will increase rents and stifle investment in the private rental sector. Housing minister Gavin Barwell says the new regulatory powers will give councils an edge over landlords flouting the law. Councils can now impose fines of up to £30,000 as an alternative to prosecution for a range of housing offences and retain all of the income to make sure it is used for private sector housing enforcement purposes. Rent Repayment Orders, which can be issued to penalise landlords managing or letting unlicensed properties, have also been extended. Read more on 24housing.

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