6 May

NLA welcomes tax-breaks for green landlords

NLA welcomes tax-breaks for green landlords

The National Landlords Association (NLA) has welcomed the new tax breaks for environmentally-friendly landlords.

Landlords are now able to claim a maximum of £1,500 per property against the cost of installing energy-saving measures such as draught proofing, loft insulation and cavity wall installing.

That could mean a saving of up to £600 for higher-rate tax payers.

It follows legislation that requires all rental properties in England and Wales with a new tenancy to have an Energy Performance Certificate from October 1st 2008.

Commenting on the tax breaks, David Salusbury, chairman of the NLA, said: "As well as contributing to the overall efforts by society to combat climate change, landlords may see an increase in the value of their investment as a result of energy efficiency improvements."

Last week the organisation warned that the proposed branded rental accommodation scheme could compromise the diversity of Britain's rental market.
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