Property Forum urges Landlords to sign Petition

Following last month’s article on the Tax Bombshell for landlords, Sulgrave Estates urges all landlords to sign the Petition at https://petition.parliament.uk/petitions/104880. It can also be found on the website Property 118 under Forums. The Institute for Fiscal Studies has stated that individual landlords are already taxed more heavily than homeowners and they will be unfairly targeted by these changes. The private rented sector is heavily reliant on individual landlords who will be forced to raise rents to try and offset the higher taxes. In some cases, landlords may have no option but to sell up as their buy to let business will no longer be viable. The Petition needs 100,000 signatures to be debated in Parliament. It is currently at just under 31,000.

 

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