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.
SAL Warns of £40 Monthly Rent Rise Without Government Intervention
Renters in Scotland could face an average monthly rent rise of £40 if ministers fail to rule out a "tenant tax", Scotland's landlords have warned. The Scottish Association of Landlords (SAL) has urged the Scottish Government not to pass on the Chancellor's 4% surcharge on rental income from the recent UK Budget, warning that costs will inevitably be passed on to tenants.
The warning centres on the surcharge on rental income announced in the recent UK Budget. SAL has called on the Scottish Government to defy the measure, arguing that landlords would have no choice but to pass increased costs to tenants through higher rents.
For letting agents and inventory clerks operating in Scotland, the development signals potential upward pressure on rent levels if the surcharge is applied.
Source: Landlord Today