Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Knight Frank: Rental Market Impacted by RRA and Potential Tax Changes
Some sectors of the UK rental market are already experiencing effects from the Renters Rights Act (RRA), according to Knight Frank. The agency also highlights concerns about a possible alignment of capital gains and income tax rates under a potential Andy Burnham government.
Tom Bill, head of UK residential research at Knight Frank, noted that the rumoured tax changes could impact higher and additional rate income taxpayers the most. The report suggests that these developments are creating uncertainty for landlords and property professionals.
Letting agents and inventory clerks may wish to monitor these ongoing changes, as both the RRA and potential tax reforms could influence landlord decisions and the wider rental sector.
Source: Landlord Today