22 Nov

NLA launches anti-tax campaign

NLA launches anti-tax campaign

The National Landlords Association (NLA) has launched a new campaign to highlight concerns over the government's plans to remove mortgage interest relief for property investors.

Via a special e-postcard campaign, the NLA want landlords to send one of two specially designed e-messages to the Chancellor and the Treasury to object to the so-called "tenant tax".

Richard Lambert, chief executive officer at the NLA, said: “Despite more than a year’s worth of campaigning, the Treasury still won’t accept the disastrous impact that Section 24 will have on landlords and their tenants.  It seems that all our words and figures haven’t got through to them, so we’ve decided to make it as clear as possible – by drawing them a picture.

“With the Autumn Statement just around the corner, this provides the perfect opportunity for landlords to make their voices heard, and to relay the message that the proposed tax changes will only make housing problems in the UK worse."

He added the policy will force many landlords to leave the market or look for tenants who are able to pay increased rents. Therefore, the NLA want the rules only to apply to landlords who are taking out new buy-to-let loans from April 2017.ADNFCR-1222-ID-801828720-ADNFCR

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