NLA responds to Stamp Duty Land Tax changes announced in Budget

The National Landlords Association responds to changes to Stamp Duty Land Tax announced in the 2011 Budget.

David Salusbury, Chairman, National Landlords Association, said:

“The National Landlords Association welcomes changes announced in the 2011 budget which will help reduce the barriers to investing in homes.

The stamp duty concessions on bulk purchases will encourage landlords to invest more in residential property, thus providing much needed housing in the private rented sector.

The NLA has campaigned hard for this change and is pleased that the government has listened to concerns about the disproportionate level of stamp duty paid by landlords seeking to expand their portfolios in response to increasing demand for affordable accommodation in the private-rented sector.”

-ENDS-

For further information, please contact:

Dane Svenson
Press Officer, NLA
020 7840 8925
07508 031 084
dane.svenson@landlords.org.uk

NOTES TO EDITORS

Representing landlords from all over the UK, the National Landlords Association (NLA) is the leading organisation for private-residential landlords. It campaigns for the legitimate interests of landlords by seeking to influence decision-makers at all levels of government and by making landlords’ collective voice heard in the media. The NLA helps landlords make a success of their lettings business by providing a wide range of information, advice and services. It seeks to raise standards in the private-rented sector while aiming to ensure that landlords are aware of their statutory rights and responsibilities.