Latest News

COVID-19, arrears and your lettings business

02 July 2020

Propertymark Industry Supplier, PayProp looks at the impact of COVID-19 and how agents can best cope with unforeseen challenges when it comes to lost income, managing arrears, and avoiding evictions. Read More...

ARLA Propertymark members manage almost half of England’s private rented sector

01 July 2020

The number of private rented homes in England currently sit at 4.8 million, according to the latest English Housing Survey published by the Ministry for Housing, Communities and Local Government (MHCLG), and as of May 2020, ARLA Propertymark members manage 47 per cent of those properties. Read More...

Prime Minister promises “Project Speed” will increase home building

01 July 2020

Boris Johnson announced today, 30 June, an ambitious £5bn plan to boost the UK economy with a focus on infrastructure development. The funding will be used for building homes, public services, and transport links, and adds substance to his “build, build, build” pledge to change planning laws to prevent delays in large-scale building projects and deliver greener and faster homes. Read More...

‘Property number plates’ to be rolled out across public sector

30 June 2020

The UK Government announced that unique codes for properties, streets, and other objects that upgrade our geospatial data will be launched tomorrow, 1 July to the wider public sector, and will help agents with future information searches, especially through local councils. Read More...

Concerns expressed to Ministry of Justice on housing possession cases

30 June 2020

ARLA Propertymark has written to the Secretary of State for Justice expressing concerns for the management of housing possession cases in England and Wales when the current stay on possessions is lifted on 23 August 2020. Read More...

Labour report calls for a stop on renters paying Council Tax

Tuesday 04 June 2019

A Labour-commissioned report calls on the party to make radical change to the housing market if it wins power. The report proposes to replace the Council Tax with a “progressive property tax” that would see landlords forking the bill.

One of the authors of the report, George Monbiot, stated that since 1995 land values have increased by 412 per cent. He argues that it is not the cost of bricks and mortar that is on the rise, but the land it sits on, significantly affecting not only homeowners but also those wanting to buy farmland.

The tax would be set nationally rather than by local authorities and would be payable by the property owners, rather than tenants, and based on property values, which unlike Council tax bands, would be regularly updated. 

The Land for the Many report says there would be a "progressively higher rate of taxation" for each of the top four property bands by value.

The proposed tax raid is one of many policies being taken into consideration by the Labour Party with the release of the independently commissioned report.

Further suggestions were made to introduce an automatic higher rate for long-term empty properties. Landlords may also be concerned by the proposal for Capital Gains Tax on second homes and investment properties to match or exceed the rates of income tax. Homeowners not resident to the UK would also be hit drastically should the report be implemented under a Labour Government.

Ministers branded the move "extraordinary and deeply damaging" and warned that Labour's move amounted to a "tax bombshell".

And the single person discount, used for widows, pensioners and more, would be scrapped - with the report accusing the discount of encouraging the “over-consumption of housing”.

The report

The report urges major changes made to the property tax system in a bid to "discourage the use of homes as financial assets, reduce the tax paid by the majority of households, and encourage more efficient use of the housing stock".

"We recommend that a Labour government replace the regressive and unpopular council tax with a progressive property tax based on contemporary property values," it says.

"Unlike council tax, this tax would be payable by owners, not tenants.

"This would result in significant administrative savings, lower levels of arrears and less court action.

"Unlike council tax, the progressive property tax rate would be based on regularly updated property values, and the rates would be set nationally, rather than locally determined."

Shadow Cabinet Office Minister Jon Trickett welcomed the report, vowing to study its recommendations "in detail" and said: "For too long, people across the country have had little or no say over the decisions that affect their communities and the places in which they live.

"So much of this can be traced back to the broken system of land ownership. Concentration of land in the hands of a few has led to unwanted developments, unaffordable house prices, financial crises and environmental degradation.

"Labour is committed to tackling these head on and delivering a fundamental shift in wealth and power from the few to the many."

Housing Secretary, James Brokenshire warned: "Labour will stop at nothing to hammer families with more tax and make home ownership a pipedream for future generations.

"Plans to seize land into public ownership also show Labour's true colours of more and more state control.

"This tax bombshell for families would mean family homes with gardens paying far more and higher taxes on pensioners by abolishing the single person discount."

Propertymark resources

ARLA Propertymark members can take advantage of the numerous guides and fact sheets in order to arm them with the knowledge to ensure they comply with legislative changes.

Resources include:

  • Tenant Fees Toolkit
  • Tenant Fees Act case study
  • GDPR bitesize videos
  • Fact sheets which break down multiple pieces of legislation

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