With rumours swirling that Rachel Reeves will hold off on raising capital gains tax for landlords in the so-called Autumn Budget of ‘Doom’ LSL’s Franchising’s Managing Director, Paul Hardy, is calling on the Government to show landlords are ‘valued.’

It is particularly important, he says, in light of recent tax changes and the upcoming Renters’ Rights Bill and would encourage continued investment in the sector.

Speculation

Hardy says: “As we approach the Autumn Budget, there’s speculation that the government may not now increase capital gains tax on the sale of second homes, which would offer some relief to landlords.

“Given the pressure from recent tax changes and the upcoming Renters’ Rights Bill, the private rental sector could use a level of reassurance that its value is acknowledged.

With so much on the table, the Autumn Budget will be critical for both landlords and prospective buyers.”

“Any measures need not detract from the idea that property remains a sound investment, because this benefits not only landlords but also ensures a healthier supply of rental homes for tenants.

“For our estate agency franchise partners across the UK, this would be encouraging news, as rental income continues to offer a consistent revenue stream, alongside house sales, providing greater financial stability.

“With so much on the table, the Autumn Budget will be critical for both landlords and prospective buyers, and we hope the government will carefully balance measures to keep the property market thriving.”