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Taxation

What is this?

Tax is an aspect of residential property investment which is often overlooked, however taxation represents one of the most important and complex issues facing private residential landlords today.

When deciding to purchase, or let, property there are a number of different tax liabilities which landlords must take into consideration in order to avoid falling foul of the taxman. For many the only way to get to grips with their legal responsibilities is to take professional advice.

The NLA's position

The NLA believes that the taxation system for the private-rented sector should be designed to raise standards by encouraging landlords to invest in the homes that they provide. As such we are generally happy with the tax regime in relation to letting residential property. However there are certain anomalies present that can distort supply and act as a disincentive to investment, this can potentially reduce the availability of affordable accommodation. We would like to see residential property investment afforded the same status as comparable businesses in relation to tax liability and  greater simplicity allowing landlords to fully comprehend their responsibilities.

What we're doing

• NLA invited to discuss changes to the Capital Gains Tax system with HMRC
• Meeting the Treasury regarding the tax system and models of self regulation
• Meeting with stakeholders and opinion formers to discuss  and lobby for VAT reduction s
• Working with the Government and opposition to simplify tax rules for private landlords

What's your view?
• Complete our online survey, and let us know what you think.

Read the NLA Bulletin for the latest news:
• Bulletin no.2 : April 2008 [ 250kb PDF file]
• Bulletin no.1 : December 2007 [ 195kb PDF file]