Spring Budget 2023
Chancellor, Jeremy Hunt, delivered what he termed as a “Budget for Growth”, which is “long term & sustainable”.
You can see full analysis of the announcements made yesterday from EQ Taxperts here, along with details of tax rates for 2023 / 2024 which you can download from their website here.
John Blackwood, SAL chief executive, commented:
“The budget statement was a missed opportunity. Though the Chancellor spoke of growth he did nothing to encourage investment that is necessary if the private rented sector is to provide much needed rented homes.
The current tax system, under which landlords are penalised for providing homes to rent, only makes it tougher for many renters to access good quality rental properties. Without a comprehensive review of how the sector is taxed, supply and demand issues will only become more acute.”