LEGAL FACTS - iHowz

Information below is linked to from our various flyers and promotional items. It supports our statements and facts via recognised sources.

Key facts

The PRS directly supports over 390,000 jobs across the UK[1]
Almost a fifth (8%) of UK homes are privately rented[2]
The total economic contribution (GVA) of small and medium landlords in the PRS is £45bn[3]
It is estimated for the past tax years (2022-23) these figures are £10-12bn annually

- Income Tax on Rental Income: £5 billion
- Capital Gains Tax: £2 billion
- Stamp Duty Land Tax: £3 billion

Annual Tax on Enveloped Dwellings (ATED): £500 million

The supply of rental properties has decreased significantly, with 42% fewer rental properties available in June 2024 compared to June 2016. This shortage is a major driver of rising rents.[4]
The latest English Housing Survey[5] found that private renters had lived in their home for 4.3 years on average. This is up from 4.1 years recorded in the 2017/18 Survey and 3.9 years in the 2016/17 report.
In 2022-23, 77% of tenancies were ended by the tenant[6]

iHowz Landlord Association have been in existence, in one form or another, since 1974; based in the Southeast, it supports landlords over the country.

1 Economic Contribution of the Private Rented Sector – pwc. Published by Paragon and NRLA

2 https://www.uswitch.com/mortgages/buy-to-let-statistics/private-rental-statistics/

3 Economic Contribution of the Private Rented Sector – pwc. Published by Paragon and NRLA

4 https://www.hamptons.co.uk/articles/buy-to-let-purchases-fall-to-record-low#/

5 https://www.gov.uk/government/collections/english-housing-survey

6 https://www.gov.uk/government/statistics/english-housing-survey-2021-to-2022-private-rented-sector/english-housing-survey-2021-to-2022-private-rented-sector

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