Call for proposals: Investigating and modelling the impact of taxation reform on the private rented sector

Call for proposals: Investigating and modelling the impact of taxation reform on the private rented sector

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Over the past two years there have been significant policy changes affecting the private rented sector. This includes the removal of mortgage interest relief for unincorporated landlords. In our own research, we have identified these changes could have a serious impact on the sector, with 68% of landlords facing having to pay at least 20% more tax and 36% of landlords facing making a loss with their business[1].

We have previously commissioned research to develop an economic model[2] of the finances of property investors and landlords in the private rented sector. Due to these tax changes and as part of the RLA’s long term research strategy, the RLA has allocated resources to identify the wider impact of this reform to taxation on the sector.

Research aims and objectives

Aims:

To investigate the economic impact of government taxation reform on the private rented sector.

Objectives:
  • Examine the impact of changes to Mortgage Interest Relief on the finances of landlords and the private rented sector,
  • Identify landlord profitability and costs, and potential impact of the letting agent fee ban
  • Model the impact of reform of different tax policies on landlord behaviour and the wider sector; this could also include changes to stamp duty, capital gains and relief for energy efficiency measures,
  • Estimate the potential contribution of landlords and the PRS to the wider economy,

Budget

The RLA has identified a budget of £12,000 for this research project. This could be subject to negotiation for particularly innovative projects.

Proposal Documents

Researchers interested in submitting a proposal, should provide:

  • A detailed proposal of how you would meet the objectives and the methods you would use
  • An outline of your experience in this area
  • A detailed timetable for the research
  • A detailed breakdown of the costs attached to this project

The deadline for submission of proposals is Friday 13th October 2017 at 5pm. All proposals should be submitted electronically to research@rla.org.uk.

For further information, please contact the RLA’s Senior Researcher, Tom Simcock on 0161 962 0010.

All research proposals will be evaluated on merit and the potential to benefit the private rented sector by making renting better for all.

[1] Simcock. T.J., (2016). Landlord Investment, Finance and Tax Report 2016. Manchester, UK: Residential Landlords Association. Available here: https://research.rla.org.uk/report/landlord-investment-finance-tax-report-2016/

[2] Ball. M., (2011). Investing in Private Renting. Manchester, UK: Residential Landlords Association. Available here: https://research.rla.org.uk/report/investing-in-private-renting/

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RLA PEARL

The Residential Landlords Association’s (RLA) Private renting Evidence, Analysis & Research Lab (PEARL) is a research-based policy exchange for the private rented sector. We provide analysis and research on the economic, social, and political issues facing the private rented sector (PRS). Through this the RLA aims to inform, develop and promote policies that help to make renting better for all. We provide high-quality research and through our reports, briefings, and events, the RLA’s PEARL provides the opportunity for evidence led policy making in the PRS. The RLA aims to make an important contribution to the policies that affect the PRS. We believe it is important that policy makers consider the evidence and the potential consequences in their decision making. We seek to influence decision makers in order to translate our research findings into an improved renting experience for landlords and tenants.