ARLA: Pre-budget report makes ‘no real difference’to landlords

Landlords in the private rental sector can expect "to shoulder the burden of the UK's housing shortage", according to the Association of Residential Letting Agents (ARLA). Ian Potter, operations manager of the association claimed the chancellor's pre-budget report failed to deliver "any initiatives that will make any real difference".Alistair Darling extended the Support for Mortgage [...]

NAEA and Arla raise property tax debate

The National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (Arla) have welcomed a call by backbench Labour MPs to extend the current stamp duty property tax holiday.An early day motion has been issued - and it comes after the NAEA and Arla have joined other property organisations in forming the [...]

Stamp duty property tax ‘discourages investment’

The stamp duty property tax has not kept pace with house price appreciation over the years and the system needs to be modernised, according to National Landlords Association (NLA) chairman David Salusbury.His comments came after the NLA, which represents private landlords in the UK, added its name to a list of property organisations lobbying the [...]

Property tax for rent a room scheme ‘is outdated’

The property tax level for private landlords who rent out rooms in their properties has become "outdated", according to the communications director at SpareRoom.co.uk.Matt Hutchinson said that in order for the rent a room scheme - which he termed a "great idea"- to continue successfully, the government must raise the tax threshold in line [...]

Rent-a-room tax threshold ‘should rise’

Both live-in private landlords and the UK economy would benefit from the income tax threshold being raised for those who rent out rooms in their homes.That is the view of National Landlords Association (NLA) chairman David Salusbury, who has said that a number of people may be avoiding renting out rooms due to the "hassle [...]

Property tax holiday extension called for

The stamp duty property tax holiday period currently in place until the end of the year should be extended.At least that is the view of National Association of Estate Agents president Gary Smith, who has suggested that reverting from the £175,000 threshold to one of £125,000 would have negative implications for the whole property market.He [...]

Property tax session planned for landlord event

Private landlords heading to the National Landlords Association (NLA) National Conference will be able to access information on property tax.A special session has been planned for the event, which will cover issues concerning capital gains tax, inheritance tax and the new HM Revenue &Customs (HMRC) powers.Landlords will also be able to learn more about [...]

NAEA, Arla want to reform property tax landscape

The stamp duty property tax is currently a hot topic within the housing industry - and both the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (Arla) want the government to reform the system.Both groups have teamed up to form the 1808 Coalition, which aims to modernise the structure of [...]

Calls made for 1% property tax

The stamp duty property tax should be one per cent for all transactions over £250,000, according to the director of a London-based estate agent.Ed Mead from Douglas &Gordon said that private landlords and other homeowners who purchase property under a quarter of a million pounds should not have to pay the levy.Indeed, he said [...]

Interest rates unchanged

Private landlords with property tax and letting agent fees to pay may be among the homeowners welcoming the seventh straight interest rate freeze today (October 8th).The Bank of England's monetary policy committee (MPC) opted to hold the base rate at 0.5 per cent.Ever since March 2009, the MPC has kept the cost of borrowing at [...]