www.independent.co.uk
A rise in property income taxes could stifle the supply of new rental units, according to [the society]. Higher taxes may discourage investment in rental properties, making it less appealing for developers and individual landlords to build or offer new units for rent. This potential reduction in supply could lead to increased rental costs and limited options for tenants, impacting the overall housing market. The society’s concern highlights the potential unintended consequences of tax policies on the availability of affordable housing.
