Developers offered tax relief if homes go to renters for 10 years
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Developers who go big on rental blocks - can now get tax relief if they offer homes to tenants for 10 years. The government package announced today applies to new and existing build-to-rent developments of 20 or more units. And they only have to offer 10 years - tenants can say no and leave with 58 days notice. I asked the Housing Minister Megan Woods how it will work. [embed]
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