Mar
18

Research: scrapping stamp duty for rental homes

Research commissioned by the National Residential Landlords Association suggests the government could see a £10 billion boost if it scrapped the stamp duty levy on the purchase of homes to rent out. Removing the three per cent levy would see almost 900,000 new private rented homes made available across the UK over the next ten years. This article explains Capital Economics suggest that without changes in tax or other policies, the private rented sector stock will decrease by over half a million properties over the next ten years. Meanwhile, between now and 2030, the 15-24 cohort in the population is forecast to grow by 866,000 (11 per cent), likely driving up further demand in rental properties. Read more about the research here.