NLA will Lobby Osborne on Tax Breaks

The National Landlords Association (NLA) has revealed that it will lobby Chancellor of the Exchequer, George Osborne on private rental sector tax breaks before the new Government’s Budget on 8^th July.

A statement from the NLA reads: “The NLA will be taking the opportunity to drive home the message that landlords’ status as legitimate businesses is not comprehensively reflected in the tax system.

“Specifically, we wish to see the Chancellor tackle the tax treatment of landlords’ assets at disposal, i.e. the lack of distinction between short-term speculation and the appreciation which may take place during long-term ownership of property.”¹

Osborne states that the July Budget will contain “a laser-like focus” on raising productivity and living standards, and will highlight the ways that the new Government will “deliver on the commitments we have made to working people.”

He continues: “We will protect the NHS and give it more funding each and every year, while making savings across Whitehall. We’ll crack down hard on tax avoidance and aggressive tax planning by the rich, because everyone should pay their fair share.

“Second, we’ve got to go on helping businesses create jobs in Britain, so we move towards full employment. That means facing a hard truth: in Britain, we produce about a quarter less for every hour we work than countries like America or Germany. Fixing that long-running productivity weakness is the big challenge for the next five years.

“So in the Budget, we’ll spend less on welfare and instead invest to create three million more apprenticeships, so that young people can learn a trade, get better jobs and earn more.”¹

¹http://www.lettingagenttoday.co.uk/breaking-news/2015/5/industry-body-to-lobby-osborne-on-tax-breaks