Tax Breaks Could Lead To Lower RentTweet
Published on July 20, 2012 by TBO editor
A thinktank called The Joseph Rowntree Foundation has said that tax breaks for landlords could persuade them to offer lower rents and help avoid “a homelessness disaster”. The group has said that international experience indicates that this landlord tax break would prove successful as it would provide landlords with a means to lower rent for “generation rent”.
Young people are finding it increasingly difficult to be able to invest in their own home; especially those under the age of 30. They have lower incomes which mean that it is especially difficult to save the money for a deposit. What’s more, lower income also means that it is difficult for them to be able to find suitable rental accommodation. People are being forced to live with their parents well into their 30s.
There are many ways landlords can help to protect their investment. One way is to ensure that you buy cheap landlords insurance that suits your business. Your policy should be tailored to ensure that it meets all of your requirements but this doesn’t mean that you have to pay exorbitant insurance costs. Call The Business Octopus today on 0161 968 2041 to discuss your property or property portfolio and to request a no obligation quote for your landlord insurance.