Call for tax relief to solve rental shortage
UK-WIDE tenant eviction and referencing firm, Landlord Assist, is calling for the Government to offer greater tax incentives to landlords to stimulate investment in private rented homes and help solve the current housing shortage.
Investors currently pay income tax on rental profits and capital gains tax on any profits made when the asset is sold. But with landlords facing tax bills of up to 28% of the value at the point of sale many are reluctant to re-invest in the market once they sell their properties.
Subsequently the rental sector is experiencing a shortage of new properties entering the market despite demand for rented properties continuing to grow as people struggle to afford deposits required by lenders to purchase.
Read the full story at Wales Online
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