Budget Help For Landlords

The Budget is once more up us and as ever landlords are optimistic that there may be some giveaways for us.  I've called in the past for tax breaks for landlords that would mean that we are treated the same as other small businesses.  Successive Government however only seem interested in giving large institutional investors tax breaks to try and encourage them to invest more money in the residential rental sector.

So what are the chances of tax breaks for landlords?

I'm afraid that I'm not optimistic about any additional help for landlords in this budget.  The general perception remains that UK landlords are doing OK and don't need any help.  This view is rather short termist and what is needed is a more positive, comprehensive and long-term approach to the private rental sector.  This could involve tax reform in return for meaningful comprehensive regulation of the private rental sector whilst also introducing a flexible longer term tenancy to run alongside the existing Assured Shorthold Tenancy Agreements.  This would provide a long-term growing private rental sector which has at it's core business principles more aligned to the longer term letting requirements of the growing 'generation rent'.

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