NRLA calls for stamp duty exemption for empty homes in London
Original Article Summary
Landlords shouldn’t have to pay the 5% stamp duty surcharge when landlords bring empty stock back into use, the National Residential Landlords Association argued. NRLA was responding to government data, which showed the number of rental homes in the London dropped by 6% between 2023 and 2024. At the same time there are 38,000 long-term […] The post NRLA calls for stamp duty exemption for empty homes in London appeared first on PropertyWire.
PropMatch Curated Analysis
The NRLA proposes exempting landlords from the 5% stamp duty surcharge when bringing empty homes back into rental use, citing London's 6% rental stock decline and 38,000 empty properties.
Investor Relevance
This proposal could significantly reduce acquisition costs for landlords targeting empty properties in London, potentially improving investment returns and encouraging more rental stock. The identified court system delays and energy efficiency funding needs also signal ongoing operational risks and opportunities.
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