The issue of costs that are the responsibility of the tenant?16:06 PM, 30th July 2019
About 3 weeks ago 50
The TaxPayers’ Alliance is a British pressure group and think tank formed in 2004 to campaign for a low tax society. The group is thought to have around 100,000 supporters.
The mission of the TaxPayers Alliance is “to reverse the perception that big government is necessary and irreversible; to explain the benefits of a low tax economy; to give taxpayers a voice in the corridors of power; to oppose EU tax harmonisation.”
In a recent report they refereed to the SDLT and finance cost restrictions affecting the private rented sector saying …
“These are regressive measures which add complication to a hugely complex tax system, hinder labour mobility and are economically damaging.”
It wants all other property-related stamp duty rates halved immediately and ultimately abolished, stating: “Stamp duty is a disastrous and unfair tax which leads to the misallocation of housing stock and leads to lower incomes and higher unemployment than necessary. It doesn’t even raise much revenue, once dynamic effects are fully accounted for.”
The TaxPayers Alliance also says some Green Belt planning classifications should be lifted and taller, denser residential construction should be allowed in urban areas, suggesting: “Pressure needs to be taken out of the housing market by making land available for development less rare and less expensive to build on.” and that “declassifying five per cent of the Green Belt around London “would allow the city to expand by almost a sixth.”
The UK private rented sector is often described as one of the UK’s remaining “cottage industries”.
Private landlords own around 4.8 million properties providing housing for around 22% of the adult population.
There are thought to be around two million private housing providers (buy-to-let landlords) in the UK
Private housing providers (buy-to-let landlords) often lack the experience and finances to defend their rights. Membership of Property118 Action Group provides a unique and powerful umbrella at a very reasonable price.
Letting Agents are highly reliant upon a healthy private rented sector.
Property118 Action Group is not insurance based, it is more akin to a Union which utilises member subscriptions to protect and fight for the rights of its members. It does not provide legal services but will procure them where necessary.
Successes in the Courtroom enhance our public profile and drive an increasing number of landlords to seek the security and peace of mind that only Property118 Action Group membership can provide.
As many landlords have learned to their peril; when it comes to funding litigation against mortgage lenders or the Government, legal fees insurance policies often prove to be about as useful as a chocolate fire guard. Furthermore, trade bodies rarely have the necessary experience, resolve, finances or other resources to get involved in action beyond referring their members to their preferred suppliers of legal services, the authorities or Ombudsmen.
— Mark Alexander (@iAmALandlord) July 25, 2016
— Property118.com (@Property118) July 25, 2016
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