The managing director of agency giant LSL Franchising wants today’s Budget to show that landlords are valued by government.
Paul Hardy says it’s particularly important in light of recent tax changes and the upcoming Renters’ Rights Bill to reassure landlords that they should continue to invest in the private rental sector.
Hardy says: “As we approach the Autumn Budget, there’s speculation that the government may not now increase capital gains tax on the sale of second homes, which would offer some relief to landlords.
“Given the pressure from recent tax changes and the upcoming Renters Rights Bill the private rental sector could use a level of reassurance that its value is acknowledged. With so much on the table, the Autumn Budget will be critical for both landlords and prospective buyers.”
“Any measures need not detract from the idea that property remains a sound investment, because this benefits not only landlords but also ensures a healthier supply of rental homes for tenants.
“For our estate agency franchise partners across the UK, this would be encouraging news, as rental income continues to offer a consistent revenue stream, alongside house sales, providing greater financial stability.
“With so much on the table, the Autumn Budget will be critical for both landlords and prospective buyers, and we hope the government will carefully balance measures to keep the property market thriving.”
