Landlords leaving rental market blame high taxes and low profits

📆 2/02/2023 8:45 a. m.
📰 businessposthq

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Residential Tenancies Board survey found over half of landlords exited the market due to high taxes on rental income, with the regulatory environment seen as too stringent

More than half of landlords who have left the rental markets did so because they felt tax on their earnings was too high, according to a new survey by the Residential Tenancies Board .

The RTB’s survey, which was carried out in November 2022 and canvassed the views of 100 departed landlords, found that 51 per cent of those who had exited the market said they had done so because of high tax on rental ...

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Landlords leaving rental market blame high taxes and low profitsRTB survey shows feeling among landlords that taxes are too high and regulatory environment is too stringent
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