Spring Statement - News for Landlords

The Spring Statement last week, announced new tax requirements which will mean landlords have to submit tax return information quarterly from April 2028. Essentially, any landlord with income from rent above £20,000 is now included in the Government's Making Tax Digital plans. For reference, the previous threshold for rent income was £30,000. 
  
New tax filing rules will apply from April 2026 for landlords with qualifying income over £50,000 and extend to those with incomes over £30,000 the following year. Many landlords are already concerned about the changes coming under the Renters’ Rights Bill later this year. 
  
Here at Pattinson Estate Agency, we have a dedicated lettings and property management team who can help and advise landlords through the ever-changing laws and legislations, so feel free to contact one of our property management experts. 
  
The rental market is thriving, and our teams are at the heart of the action!