Coast to Country Lettings and Property Management
    What's Hot

    At What Level Do You Need Help With Your Property Development?

    February 18, 2025

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023
    Facebook Twitter Instagram
    • Home
    • Useful Links
    • Contact
    Facebook Twitter Instagram
    Coast to Country Lettings and Property Management
    • Home
    • Landlord News

      Factors That Increase The Rental Price On A Property In The UK

      April 6, 2023

      If There’s a Musty Smell, Call the Damp Specialist

      April 6, 2018

      5 Fire Risk Hazards Not to Ignore

      March 9, 2018

      Landlords Who Let Out Draughty Homes Will Banned, Says New Law

      January 29, 2018

      What Is A Conveyancers Role When Buying A Property?

      January 5, 2018
    • Real Estate Law

      Landlords Who Let Out Draughty Homes Will Banned, Says New Law

      January 29, 2018

      What Is A Conveyancers Role When Buying A Property?

      January 5, 2018

      4 THINGS LANDLORDS SHOULD KNOW ABOUT THE BUY-TO-LET TAX CHANGES

      July 5, 2016

      Quick Guide to stamp duty for Landlords

      February 19, 2016

      Tenancy deposits at risk with new deposit protection regulations

      June 22, 2015
    • Property Investment

      5 Best Places To Live In England Near Top Golf Courses

      June 21, 2023

      6 Tips for New Real Estate Investors

      June 20, 2023

      The Importance of Consulting An Insolvency Practitioner On Property Investment

      September 1, 2022

      Better Returns to be Gained from BTL Than Savings, Report Claims

      April 4, 2017

      Number of UK Landlords on Steady Rise

      July 5, 2016
    • Banks & Lending
    Coast to Country Lettings and Property Management
    Home»Landlord News»Tax Changes Will Lead To Rent Increases
    Landlord News

    Tax Changes Will Lead To Rent Increases

    Coast to Country LettingsBy Coast to Country LettingsJanuary 13, 2016Updated:September 3, 2021No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email

    A poll of buy-to-let owners carried out by the Deposit Protection Service (DPS) suggests that rental prices will increase as a result of the higher taxes landlords are facing in future.

    In the summer, the government announced that the amount of tax relief available for interest on buy-to-let mortgages would be reduced. This was followed by the chancellor’s autumn statement announcement which unveiled plans to add a three per cent surcharge on stamp duty for all buy-to-let property investments from the start of April.

    68% of people that responded to the DPS poll (focused on how landlords felt the change in taxation would affect PRS), said that they believe rental prices have to increase if individuals are to be able to cope with these changes.

    One in three landlords said they are mulling over the option of leaving the market entirely based on the earlier taxation.  The new announcement however has increased the likelihood of a large influx of investments between now and the time when the change is expected to come into play in April. Many investors are expected to step up the gear so as to be able to avoid the new surcharge.

    The survey also showed that landlords may redecorate less often than they do presently as a result of the change in the wear and tear tax breaks. One in four landlords that responded said this would be the case as they face. With the changes, the ten per cent tax break for wear and tear will be replaced with tax deductions that cover the actual amount spent on the replacement of any items around a property.

    After the autumn announcement from Chancellor Osborne, many experts forecasted that landlords faced with the dual tax changes will leave the rental market as many of them have to increase rents for tenants to be able to maintain profitability.  The poll shows that the forecast isn’t entirely off the mark. Rents are bound to increase, however landlords are not panicking as much as was first feared.

    Although the livelihoods and financial wellbeing of many landlords will be affected by the taxation increases, it is not enough to completely put them out of the market.  The DPS polls even show that small landlords or ‘accidental’ landlords are not looking to quickly exit the market anytime soon.  Focus is now on the impact of the property investment surge, bound to happen between now and when new tax changes kick in, on the property market.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Coast to Country Lettings

    Related Posts

    Factors That Increase The Rental Price On A Property In The UK

    April 6, 2023

    Backland Developments: building a garden treehouse

    August 15, 2018

    Tenant Help: How to Get your Security Deposit Back

    July 12, 2018

    If There’s a Musty Smell, Call the Damp Specialist

    April 6, 2018

    5 Fire Risk Hazards Not to Ignore

    March 9, 2018

    Landlords Who Let Out Draughty Homes Will Banned, Says New Law

    January 29, 2018
    Add A Comment

    Comments are closed.

    Don't Miss

    At What Level Do You Need Help With Your Property Development?

    By Coast to Country LettingsFebruary 18, 20253 Mins Read

    As a building manager, you should seek help with your property developments at any level where…

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023

    6 Tips for New Real Estate Investors

    June 20, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    At What Level Do You Need Help With Your Property Development?

    February 18, 2025

    From Coast to Country: Exploring Spain’s Top Golf Holiday Rentals

    August 29, 2024

    5 Best Places To Live In England Near Top Golf Courses

    June 21, 2023

    6 Tips for New Real Estate Investors

    June 20, 2023
    Partners
    Sussex Damp Experts
    Coast to Country Lettings and Property Management
    • Home
    • Useful Links
    • Contact
    Copyright 2021 Coast to Country Lettings and Property Management

    Type above and press Enter to search. Press Esc to cancel.