Landlords Hit With Extra ‘green tax’

August 4, 2016

Buy to let landlords are due to be hit with costs of £5,000 from April 2018 to comply with new government energy efficiency legislation introduced on rental properties.

The Green Deal scheme which offered loans for improvements is no longer available and the government now expects landlords to finance the improvements themselves.

Policy advisor at the Residential Landlords Association, Richard Jones, said: Unless they make funding available, landlords will be forced to pass these costs on to tenants in the form of higher rents.

‘It could also make being a buy to let landlord prohibitive. They could struggle to find such a large amount of money upfront.

‘Landlords have been harshly treated. This is an extra stealth tax on top of all the other measures that threaten the finances of the sector.’

Taken from the original news article  Landlords Hit With Extra ‘Green Tax’ to read in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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