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Office of Tax Simplification Property Income Review
In March 2022, the Office of Tax Simplification published a call for evidence to seek views about how the taxation of Property Income could be simplified. Taxation is a key topic of contention for Propertymark members, as many feel that the current tax regime does not serve the sector’s best interests.
Property income review consultation
The Office of Tax Simplification (OTS) seeks views about how the taxation of property income could be simplified and has launched an online survey.
Chancellor urged to introduce Energy Saving Stamp Duty Incentive
The Energy Efficiency Infrastructure Group (EEIG) which Propertymark is a member of, has called for the introduction of an Energy Saving Stamp Duty Incentive that will encourage homeowners to future-proof their homes against high energy bills.
Support for landlords needed for stronger PRS
With around 170 different pieces of legislation that must be adhered to within the private rented sector (PRS), the everchanging landscape of compliance combined with the mounting financial pressures triggered by policies such as Section 24 of the Finance (No. 2) Act 2015 and, more recently, debt arrears caused by COVID-19 more must be done to support landlords.