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Calls for tax relief for landlords
The Association of Residential Letting Agents wants the government to introduce tax incentives for landlords after a survey found that almost two thirds, some 61%, would do so if they were to receive tax relief.
Association of Residential Letting Agents
The Association of Residential Letting Agents wants the government to introduce tax incentives for landlords after a survey found that almost two thirds, some 61%, would do so if they were to receive tax relief. 'Many rental properties are old and in need of improvement. But this is possibly the worst time for such an investment to be made by a landlord and it's the tenants who are losing out,' said Ian Potter, ARLA operations manager. 'The private rented sector is dominated by small landlords. For them, the costs of improving stock are intimidating. As a result many people are living in sub-standard homes with very little prospect of an upgrade, and we need to look at new ways to stimulate improvement in this sector,' he added. Sean Purtil, Managing Director of Ellison's Estate Agents agreed "Tax incentives for landlords would benefit both tenants and properties because of their poor interiors. It is a sad fact that many properties in the rental market are in dire need of a make-over, times are hard and many landlords simply won't risk the expenditure right now. A scheme like this could prove a win-win-win scenario, something positive for all involved "
16-07-2009