NRLA Report Finds £1.5bn Lost to Treasury Due to Landlord Tax Clampdown

NRLA Report Finds £1.5bn Lost to Treasury Due to Landlord Tax Clampdown

The National Residential Landlords Association (NRLA) recently released a report that found that the Treasury has lost out on £1.5bn due to the recent clampdown on landlord tax. This clampdown has been put in place to ensure that landlords are paying their fair share of tax, but the NRLA report has highlighted the unintended consequences of this policy.

The report found that since the introduction of the clampdown, landlords have been deterred from investing in the rental market. This has resulted in a decrease in the number of rental properties available, leading to a rise in rental prices and an increase in the number of people being priced out of the rental market. This has had a negative impact on the Treasury, as it has meant that they have lost out on £1.5bn in tax revenue.

The NRLA report also highlighted the fact that the clampdown has had a disproportionate impact on small landlords, who are often unable to afford the additional costs associated with the clampdown. This has led to an increase in the number of landlords leaving the rental market, further reducing the number of rental properties available and exacerbating the housing crisis.

The NRLA has called on the government to review its policy and to ensure that landlords are not unfairly penalised for trying to invest in the rental market. They have also urged the government to ensure that any changes to landlord tax are done in a way that does not deter landlords from investing in the rental market.

The NRLA report is a stark reminder of the unintended consequences of government policy and highlights the need for careful consideration when introducing new policies. It is clear that any changes to landlord tax must be done in a way that does not discourage investment in the rental market and does not lead to a further reduction in the number of rental properties available.

Leave a Reply

Your email address will not be published. Required fields are marked *