Rental sector should be helped

According to reports in the FT the British Property Federation (BPF) who represent some of the big hitters in the property world are disappointed with the new governments lack of action on boosting the private rental sector.

I agree that steps such as the disaggregation of stamp duty should be taken to promote investment in the private rental sector. Disaggregation refers to the situation where a buy-to-let investor gets taxed on the aggregated value of their investment purchase even where numerous small buy-to-let units have been purchased.

I would still maintain that one of the most sensible steps any government could take would be to re-examine the SIPPS rules which currently prevent a landlord holding a buy-to-let investment in their personal pension.

The BPF warned that the new governments failure to act will not help to boost the number of rental homes in the UK and that they have missed an opportunity to support the fledgling professional private rental sector.

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