Fact sheet: 'Replacement of Domestic Items’ relief for landlords

Housing was firmly at the centre of this year's political conference season, with the major parties setting out competing visions for home ownership, renting, planning reform and economic growth. While Labour's position as the party of government meant it made announcements with the most immediate implications, conferences across the political spectrum provided important insight into how housing policy may evolve in the coming years.

Landlords and sole traders already using Making Tax Digital (MTD) for Income Tax must send their second quarterly update to HMRC by 7 November 2026. The rules will extend to more people from April 2027, so letting agents can help landlord clients prepare now.

Informed by our engagement with member agents operating in Wales, Propertymark has called on the Senedd’s Finance Committee to ensure the 2027–28 Budget addresses the real financial pressures facing property businesses and the wider housing market. We urge the Welsh Government to prioritise practical action that improves the availability and quality of homes, rather than adding costs or regulation that could reduce supply.

Propertymark has urged the Senedd’s Local Government, Housing and Planning Committee to make increasing the supply of homes its top priority. Our response to the Committee’s consultation on its future work programme sets out three priorities: delivering more homes across all tenures, sustaining a well-regulated private rented sector, and promoting professionalism and consumer confidence in property agents.