It is now just over a week since John Healey announced savage tax hikes for landlords. Here our chief executive Ben Beadle explains what this will mean for the sector and what we are doing to challenge it.
The number of households in the private rented sector at risk of homelessness due to landlords selling up has increased by a third since the end of last year.
Landlords in Wales will see Land Transaction Tax (LTT) rise, with those with high value properties seeing the surcharge increase to a massive 17%. Land Transaction Tax (LTT) is the Welsh equivalent of Stamp Duty, with the Welsh Government announcing today that landlords face a one percentage point increase for every LTT band – a move that is being introduced with immediate effect.
Whatever’s changing in the private rented sector, our members get expert guidance on what it means for them, and we campaign on their behalf to challenge policies that hurt landlords. If a change leaves you unsure what to do next, our expert advice line is there to talk it through with you.
Property is the industry's premier magazine for landlords. It is a valuable tool for professional landlords looking for essential information about how to run their private rentals business.
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