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Insider – August 2018

Landlords welcome tax incentives for long-term tenancies
The government is considering introducing tax incentives for landlords who offer longer tenancies, as part of a new consultation.

The Ministry of Housing, Communities and Local Government has launched a consultation on implementing a three-year tenancy model.

This is intended to support the increasing number of private tenants seeking long-term security, as more families and older people plan to stay in privately rented property.

The report put forward a number of options, including introducing a financial incentive for landlords in the form of tax relief or cash payments.

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