RLA calls for landlords tax relief

News Category: Industry News

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Landlords should be subject to tax allowances for money spent on home improvements.

This is according to the Residential Landlords Association (RLA), which stated that improved energy efficiency in homes in the private rented sector across Britain is "essential".

Alan Ward, chairman of the RLA, said: "Roll-over tax relief on the sale of one property, for investment in another, would help to provide more economical, affordable homes to rent."

He was speaking in the wake of a debate in the House of Lords as to whether landlords should be recognised as equal businesses.

The RLA has already received support on the issue from some peers - including Baroness Gardner of Parkes, who was deputy speaker in the House of Lords from 1999 to 2002 - who said it was disappointing that the government has not moved to give landlords the same tax rights as business owners.

However, the coalition argued that holiday let homes are right to come under different rules, as owners have to provide extra furnishings for the tenants.

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