NLA calls for Rent-a-Room rise
The National Landlords Association (NLA) is calling on the
government to increase the threshold in the Rent-a-Room
Despite rental rates across the UK more than doubling over the past
ten years, the limit at which landlords are exempt from income tax
has not changed since 1997/98.
Currently, the tax threshold stands at £4,250, but the NLA is
campaigning for this to more than double to reflect changes within
Research carried out by the Spareroom website found that 60 per
cent of rooms in the UK are rented for more than £4,250 per
year, while 78 per cent of homeowners could cover their average
mortgage arrears by taking advantage of the scheme.
The NLA argues that its campaign to raise the threshold to
£9,000 could be beneficial in terms of reducing repossessions
as well as increasing the level of affordable housing stock.
David Salusbury, chairman of the NLA, said: "We are sending a clear
message to the chancellor: a fair deal for those looking to rent a
room by increasing the tax-free threshold will help homeowners and
His comments come as first-time buyers are rushing to purchase
properties before stamp duty is re-introduced on properties valued
at £125,000 or higher.