The Residential Landlords Association is calling on the Government to reform the taxation treatment of the private rented sector in order to boost growth.
The Residential Landlords Association is making its call following figures from Shelter showing that rents are becoming unaffordable, and ARLA has said the private rented sector is running out of capacity.
The RLA says that one reason for insufficient investment in property by landlords is that the taxation system fails to recognise them as running a business and continues to treat them as private investors.
The RLA wants to see a package of tax measures in the Chancellor’s autumn statement.
RLA chairman Alan Ward said: “With a taxation system that fails to recognise the sector as a business, there is little incentive for existing landlords to invest in new properties or for new landlords to enter the market.
“I hope that the Chancellor will change the tax treatment of the private rented sector to allow it to grow and create more supply and so stimulate revenue and employment in the refurbishment and building sectors.”
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