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

Whilst nothing significant was delivered defining housing policy, the statement set the tone for future decisions. Yet, without sustained, targeted support for housing, the underlying pressures in the property market will remain. Transactions depend on confidence, investment depends on stability, and supply depends on a coherent long-term strategy.

The Welsh Government’s 2026–27 Budget, approved by the Senedd on 27 January 2026, includes extra support for councils, changes to business rates from April 2026 and more funding for Green Home Wales, but key opportunities were missed to support rental supply and first-time buyers.

Many self-employed property agents and landlords are accustomed to submitting a Self-Assessment tax return annually. However, as the tax and regulatory landscape becomes increasingly complex, the risk of mistakes or missed deadlines could grow, particularly for landlords with small portfolios who must juggle compliance alongside day-to-day responsibilities.

The private rented sector (PRS) is being reshaped by changing motivations and new financial pressures, which help explain the structural changes behind shrinking stock levels, higher churn, and new expectations around compliance and profitability. For agents, these insights help develop and position services to effectively address the needs of their clients in a shifting market.