Rental investment impacted by tax increases says trade body
The Residential Landlords Association has said that new figures published by the Office for Budget Responsibility (OBR) show that the government’s recent tax increases are choking off investment in rented housing.
The OBR’s Economic and Fiscal Outlook was published this week to coincide with Chancellor Phillip Hammond’s Spring Statement.
The statement spoke of “subdued growth in residential investment.” The RLA links this to recent tax increases on private rented housing, including the 3% stamp duty surcharge on the purchase of new homes to let out, and the restriction of mortgage interest relief on the basic rate of income tax.
Full story available from LettingAgentTODAY: https://www.lettingagenttoday.co.uk/breaking-news/2018/3/trade-body-says-tax-increases-are-choking-off-rental-investment