The National Residential Landlords Association (NRLA) and Landlord Action are jointly urging the Government to consider the impact of the five-month ban on repossessions, which is currently due to end on 23 August 2020.
The Government is relaxing the three-year rule for reclaiming the Stamp Duty Land Tax (SDLT) surcharge for exceptional circumstances where a property could not be sold during the three-year time limit because of the impact of the coronavirus pandemic.
Average property prices in the UK fell by 0.6 per cent between March and April as the coronavirus pandemic has had a significant effect on the sector, according to the latest figures from Halifax’s House Price Index.
The National Residential Landlords Association (NRLA) is urging the Government to instruct local authorities to introduce a relief on council tax in rental properties that are empty because of the coronavirus outbreak.
Following a series of decisions made to help alleviate the disruption caused by the COVID-19 pandemic, there is now the potential for a stamp duty land tax (SDLT) holiday in a bid to boost the property market.