Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
NRLA Urges Chancellor to Reform Tax System Ahead of Autumn Budget
The National Residential Landlords Association (NRLA) has written a budget submission to the government ahead of the Autumn Budget, calling for a tax system that supports the private rented sector. The landlord association is urging the Chancellor to act as landlords face rising costs.
What the NRLA Is Asking For
According to the Property118 report, the NRLA's submission calls for tax reforms designed to support landlords in the private rented sector. The association has also urged the government to unfreeze Local Housing Allowance (LHA) rates.
Why It Matters for Letting Agents
Letting agents and inventory clerks working with landlords and tenants in the private rented sector should be aware that the NRLA is actively lobbying the government ahead of the Autumn Budget. Any changes to the tax treatment of landlords, or to Local Housing Allowance rates, could have implications for the landlords that agents work with and for the wider rental market.
The full details of the NRLA's budget submission, including any further proposals, are set out in the original Property118 report.
Source: Property118