A recent survey of around 2,000 landlords shows that more than 40 per cent want the government to reverse its recent changes to Capital Gains Tax allowances.

The survey commissioned by a property finance broker, found landlords are still optimistic and confident in the sector in spite of the continual government tax cash grabs and legislation changes on the PRS.

According to the report’s findings, only 8 per cent of respondents stated they had sold properties over the last twelve months, however the impending threatened legislative changes are the biggest worry for landlords this year. The continuing rise in running costs for landlords’ energy bills and maintenance issues are also a major headache.

The Increased  cost of borrowing because of mortgage rate rises along with the day to day management issues are also amongst the biggest challenges that landlords are having to face.

60 per cent of respondents are extremely concerned about the possibility of even more interest rates’ ‘hikes’ and it’s no real surprise that just 16 per cent of respondents stated that they intend to increase the size of their BTL portfolio this year.

When answering which government regulations they want reversing Capital Gains Tax allowance was ‘Top of the Pops’, as the government from April is reducing this from £12,300 down to £6,000and plans to further decimate the allowance the following year down to £3,000.

Landlords also want the government to change its plans to scrap Section 21 evictions and the rather befuddled required improvements to EPC ratings in 2025, 2028 and 2030.

A spokesperson for the finance broker  says: “It appears as though the exodus of landlords from the rental sector has been somewhat over exaggerated with just a small proportion opting to reduce the size of their portfolio in 2022.

“That said, while we’ve seen a degree of stability return following a shambolic mini budget last September, many buy to let investors remain cautious about the year ahead.