Budget 2024: First Look & Its Impact on Landlords

📣 Budget 2024: First Look & Its Impact on Landlords 📣

In the latest Budget announcement, Chancellor Jeremy Hunt attempted to navigate through the complex terrain of economic policy, possibly with an eye on the upcoming General Election. The measures introduced have sparked a mix of reactions, showcasing a balancing act of pleasing some while inevitably disappointing others.

Key highlights include cuts to national insurance rates, a freeze on fuel duty, and adjustments to non-domiciled status among others. But how does this budget affect the housing sector, especially private landlords?

Despite some significant announcements, it appears that efforts to appease the property market might fall short. The abolition of the Furnished Holiday Lets (FHL) regime, changes to Stamp Duty Land Tax (SDLT), and a reduction in Capital Gains Tax (CGT) for residential property sales were among the measures aimed specifically at landlords. But will these be enough to encourage investment and increase supply in the private rental sector?

With a closer look at the implications for housing, particularly for private landlords, the NRLA have published an artive that dives into whether the Chancellor’s strategies might lead to a more favorable investment landscape or if it represents another missed opportunity in a series of policy challenges.

🔗 [Read the full analysis here]

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