Changes to taxation relief have been at the forefront of most landlord’s minds and the RLA Policy and Campaigns team is busier than ever compiling case studies, briefing papers, and offering alternative proposals to the Treasury to limit as much as possible the effects on Landlords. The idea of selling to first time buyers seems to have attracted some attention as you will see below. However, we have received confirmation form Government that they will not be changing their minds on MIR as the letter to us from Minister David Gauke confirms, you can read this response below.
Some of our ideas include Capital Gains relief where Landlords sell to first time buyers if they want to exit the market, to apply the new MIR policy to just new lending and to allow tax relief of energy efficiency improvements in the absence if Green Deal and LESA.
RLA Chairman Alan Ward and Policy Director David Smith have conducted a series of interviews recently. The RLA policy team is campaigning tirelessly to ensure that the voice of members and landlords throughout the private rented sector (PRS) are heard and considered. The following is wider reporting of these efforts.
Buy to let investors – Let us off capital gains tax and we’ll sell to first-time buyers (Telegraph): Britain’s biggest landlord trade body is urging the Government to waive capital gains tax where properties are sold to first-time buyers
- Landlords ask Osborne for tax break if they sell to first-time buyers (Property Industry Eye)
- RLA calls for landlord tax breaks if they sell to first time buyers (Landlord News)
Government rules out any re-think on restricting buy to let tax (Letting Agent Today): The government is ruling out any re-think on its proposals to reduce buy to let tax breaks from next year. The Financial Secretary to the Treasury, David Gauke, has written to the Residential Landlords’ Association to emphasise the determination of the government to plough ahead with the changes, first announced in July by Chancellor George Osborne.
- Government stonewall’s RLA’s ‘turnover tax appeal’ (Landlord Zone)
- UK Government defends changes to landlords’ tax relief (Tax-News)