New tax rules are ‘last straw’ for landlords, Propertymark leader claims
Angharad Trueman tells The Neg many landlords will say a requirement to provide tax info quarterly is too much.
The Government is guilty of piling even more pressure onto landlords with the latest tax requirements announced in the Spring Statement, according to ARLA Propertymark President Angharad Trueman (main picture).
She told The Neg a new duty for landlords to submit tax return information quarterly from April 2028 will be just another burden they don’t need.
Any landlord with income from rent above £20,000 is now included in the Government’s Making Tax Digital plans.
The previous threshold for rent income was £30,000, and the new cut-off will pull many more landlords in.
We really don’t need this.”
New tax filing rules will apply from April 2026 for landlords with qualifying income over £50,000, and extend to those with incomes over £30,000 the following year.
Trueman, who is Group Lettings Director at Andrews, says: “I don’t think small landlords will be set up to do this.
“The Government are intent on adding layer upon layer, and we really don’t need this.”
She says many landlords are older and will not be tech-savvy enough to take on the new digital requirements.
Landlords will say ‘I have had enough’.”
And they are already concerned about the changes coming under the Renters’ Rights Bill later this year.
“This is just another reason [for landlords] to say ‘I have had enough’,” she says.
The NRLA has accused Chancellor Rachel Reeves of “doing nothing” to help the PRS in her Spring Statement this week.
Angharad is absolutely spot on with her comments and concerns. I simply do not see the need for Landlords to complete quarterly tax submissions. Given the average rent (and even lower average profit) what is the point?
I just cannot understand why the government is attacking private landlords, is it to flood the sales market, reduce average house prices and claim victory on reducing inflation? The government are completely deluded if they think they can build enough houses to replace the homes provided by the PRS.
I have come to accept that the services of Landlords are no longer required, but just what will replace the PRS?
Services of landlords are no longer WANTED by the political elite and the blob … but they are actually NEEDED more than ever!
Replacing the PRS can only be achieved by stopping private property ownership … which will probably come before too long. Just look at what they’re doing to farmers.
When we are all – landlords, estate agents, window cleaners – are spending a day a month acting as unpaid data entry clerks for the Government, HMRC will announce MTD a “success” and announce it will be moving to weekly reporting next.
It’ll be the same with EPCs next. As soon as landlords finish exiting the market or upgrading their properties to EPC Grade C, the Government will announce a “reform” of EPCs and grade C will be improved to what was previously grade B, and landlords must meet that target now by 2035. In addition, owner-occupiers will be required to upgrade their properties to EPC Grade D (was C) by 2035, otherwise their council tax will triple. The only exclusion will be people on benefits, who will get everything done for free, on top of their new 100% discount on fuel bills and free 2 week annual holiday in Europe. The rest of the population may moan now that they are paying income tax rates of 25%, 50% and 81% at the highest rate, but the most vulnerable in our society need protecting, and tho 80% of the population with the broadest shoulders must bear the greatest weight, surely?