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Tuesday, May 21, 2013

CLA warns over controls

The President of the Country Land Owners Association has warned the Government that any mandatory registration of landlords and rent controls could lead to a reduction in supply of rental property in rural areas.  The warning came as he gave evidence to housing inquiry for the influential Communities and Local Government Select Committee.

He went on to say :

"CLA members let more than one third of housing in rural areas, often choosing to let property at sub-market rents or on long-term tenancies to secure longer rental revenues and ensure community sustainability."

"Tax is a major barrier that stops more housing being made available on private land. The CLA also advocates a series of tax reliefs to encourage more private rental properties being brought to the market."

Property Hawk has been arguing for some time against any mandatory licensing or registration scheme.  We have also suggested that additional business based tax reliefs such as improvement costs to property should be off settable against rental profits and income tax to encourage landlords to invest and improve the quality of their rental accommodation.

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