Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Landlord Tax 'Is Opportunity for Letting Agents'
Letting agents should see last week's Budget as a turning point, not a death blow, according to Sally Lawson, chief executive of agent coaching and growth business Agent Rainmaker. Chancellor John Healey's decision to add two percentage points to tax on rental income will take rates to 24%, 44% and 49% from April 2027.
Lawson, who leads Agent Rainmaker, has framed the tax change as an opportunity for letting agents rather than a fatal blow to the sector. Her comments position the Budget as a moment of potential for agents, though the report does not set out specific actions or strategies she recommends.
Letting agents and inventory clerks will be watching how landlords respond to the increased tax burden in the lead-up to that date.
Source: Letting Agent Today