Our latest research has found that landlords with F or G rated properties are struggling to afford to bring their property up to at least an E rating. We argue that tax reform would improve property conditions by allowing improvements to be tax deductible against income tax, rather than Capital Gains Tax.
Landlords with F or G rated properties are struggling to afford to bring their property up to at least an E rating. The report argues that tax reform would improve property conditions by allowing improvements to be tax deductible against income tax, rather than Capital Gains Tax.
Our findings are showing that landlord sentiment to the sector and investments is deteriorating. We estimate on top of the 46,000 privately rented homes that have already been lost (MHCLG, 2018), there will be a further net loss of 133,000 homes to rent. We need to move to a broader but fair reform of private renting; with improved access to justice for landlords and tenants, expanded options for security of tenure, and reformed taxation policy that supports not penalise private landlords.
The energy efficiency standards of the private rented sector have come under greater scrutiny over the past three years, with new regulations coming into force in April 2018. This means that no property can be let for a new tenancy if it is below an E EPC rating. This report builds upon our previous quarterly reports on the private rented sector and provides the opportunity for a deeper understanding of the issues facing private landlords, tenants and the wider sector.
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Regulatory duty has meant that all rented properties have to be at least an E rating by April 2018. This research explores the consequences of this policy.