The National Residential Landlords Association (NRLA) recently released a report that estimates the Treasury has lost £1.5bn in revenue due to the increase in taxes on landlords. The report, which was commissioned by the NRLA, found that the increase in taxes on landlords has had a significant impact on the rental market, leading to a decrease in the number of landlords and a decrease in the amount of rental properties available.
The report found that the increase in taxes on landlords has resulted in an estimated £1.5bn in lost revenue for the Treasury. This is because the taxes have caused many landlords to reduce their investments in rental properties, leading to a decrease in the number of rental properties available and a decrease in rental income. The report also found that the increase in taxes has led to an increase in rental prices, making it more difficult for tenants to afford rental properties.
The NRLA believes that the increase in taxes on landlords has had a negative effect on the rental market and has resulted in a decrease in the amount of rental properties available. The report suggests that the government should review its policies and consider reducing taxes on landlords to encourage more investment in rental properties. This would help to increase the number of rental properties available and make it easier for tenants to find affordable housing.
The NRLA report highlights the need for the government to review its policies and consider reducing taxes on landlords. This would help to increase the number of rental properties available and make it easier for tenants to find affordable housing. It would also help to increase the amount of revenue generated by the Treasury, as landlords would be more likely to invest in rental properties if taxes were reduced.
Overall, the NRLA report shows that the increase in taxes on landlords has had a significant impact on the rental market and has resulted in a decrease in the number of rental properties available and a decrease in rental income. The report suggests that the government should review its policies and consider reducing taxes on landlords to encourage more investment in rental properties and help to increase the amount of revenue generated by the Treasury.