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.
Rents to Rise Directly as a Result of Healey's Budget
Landlord Today reports that rents are set to rise directly as a result of Healey's Budget. According to the report, another rise in income tax on property revenue will force up rents.
The brief, published by Landlord Today, links the expected increase in rents to the Budget's tax measures affecting property revenue. The source excerpt includes no further figures, timescales or commentary.
For letting agents and inventory clerks, the headline points to further upward pressure on rents following the Budget. The source does not set out how the tax change will be applied, which landlords or properties it will affect, or when any rent increases might take effect.
We will update this brief if Landlord Today publishes further detail.
Source: Landlord Today