The Chancellor needs to end a tax on new homes in the Budget or risk a supply crisis in the rental housing market landlords are warning.
The National Residential Landlords Association is calling on the Chancellor to scrap the three per cent stamp duty levy on the purchase of homes to rent where landlords invest in properties that add to the net supply of housing. This would include developing new housing, converting large properties into affordable units, changing the use of a property from commercial to residential or bringing one of the almost 650,000 empty homes in England back into use.
Click on this link to read the full article.