Chancellor urged to remove council tax on new build-to-rent homes
Original Article Summary
The British Property Federation has called on Chancellor Rachel Reeves to remove council tax on newly developed build-to-rent homes. As it stands homes are liable for council tax three months after completion, despite the letting of larger developments typically taking at least 12 months. The organisation also called for the reinstatement of Multiple Dwellings Relief […] The post Chancellor urged to remove council tax on new build-to-rent homes appeared first on PropertyWire.
PropMatch Curated Analysis
The British Property Federation is lobbying the Chancellor to remove council tax on new BTR homes and reinstate Multiple Dwellings Relief to improve development viability. They argue current tax layers are undermining the government's commitment to 'back the builders'.
Investor Relevance
Highlights potential tax relief opportunities that could improve BTR development margins and reduce holding costs during lease-up periods, while identifying current policy barriers affecting development viability
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