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

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.

To reduce the tax burden on the housing market rather than introduce further changes in isolation, we warn the Scottish Government that plans for two new council tax bands risk adding complexity while doing little to increase revenue.

More than 436,000 sole traders and landlords have submitted their first quarterly update under Making Tax Digital for Income Tax. However, HM Revenue and Customs (HMRC) has now begun identifying those who have not yet registered and transferring them to the new system proactively.