Tax breaks for landlords to improve properties
Calls for tax incentives for private landlords to improve the quality of their property have been welcomed by the Residential Landlords Association (RLA).
The recommendation is made by a House of Lords committee looking at the regeneration of seaside towns and communities.
The committee’s report published this week recommends “the introduction of stronger incentives for private landlords to improve the quality and design of their properties.... This might include tax relief for making improvements to properties.”
Landlords have argued that taxation should be used more positively to support the vast majority of landlords who provide decent accommodation for tenants.
This has included the RLA’s call to make tax deductible any work a landlord carries out that is recommended on an Energy Performance Certificate to improve the energy efficiency of rented homes.
John Stewart, policy manager for the RLA, said: “We welcome the recognition this report gives to supporting landlords to invest in raising the standard of housing for their tenants. We call on the government to accept this proposal.”
Richard Truman, Head of Operations at Simple Landlords, said: "The Government is increasingly relying on the private rented sector to help tackle the housing crisis – and that means they need to support landlords to do so.”
“Helping landlords to improve their properties will not only boost their businesses, but also raise the quality of life enjoyed by their tenants and improve standards in local communities."