11 Feb

Tax allowances 'providing help for landlords'

Tax allowances 'providing help for landlords'

Buy-to-let landlords have been urged to take advantage of tax allowances that are available for making energy-efficient improvements to properties.

Up to £1,500 per home could be claimed back through the Landlord Energy Saving Allowance, Paragon EPCs has noted.

Managing director John Heron explained that tenants are more likely to choose properties with strong energy performance, as they could benefit from cheaper heating and electricity bills.

He added that legislation requiring buy-to-let investors to provide an energy performance certificate (EPC) has made the installation of measures all the more important.

"Landlords have been forced to take the energy performance of their properties seriously since the EPC requirement came into force," Mr Heron remarked.

Meanwhile, the Property Investors Network has suggested that the current climate suits buyers, urging those who are considering making a purchase to ensure they are paying below market value in order to protect against the possibility of future price falls.
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