Submitted by Administrator on Thu, 11/10/2018 - 14:31
The Thinkhouse web library is a carefully curated collection of innovative research pieces, policy publication and case studies that propose ways to solve the UK's current housing crisis. CCHPR's report 'Using incentives to improve the private rented sector for people in poverty - three costed solutions' has been selected as one of the key reports of 2018.
The report, which builds on an international review of the landlord incentives, showcases three costed policies deemed to have the potential to improve access to housing, affordability, housing quality and security of tenure. The report shows that the costs of the three proposals is much lower than the £808 million annual increase in tax revenues by 2021–22 that the Government anticipated making from restricting finance relief for landlords to the basic rate of income tax.
The three policy options are:
- Introduce a Rental Incentive Allowance, enabling landlords to offset a proportion of their rental income against tax if they let their property to households in receipt of Local Housing Allowance.
- Boost incentives to improve the quality of property by allowing specified improvements to properties to be tax deductible against income tax, rather than Capital Gains Tax.
- Improve access to housing by enabling local authorities to issue vouchers to priority households, guaranteeing the payment of rent.
For more details of this project funded by the Joseph Rowntree Foundation, please click here.
The Thinkhouse web library can be found online.