The report considers a number of ways in which income tax for landlords of residential property might be simplified. The finding are summarised under the following headings:
- Furnished holiday lettings, in which the report questions the benefit of retaining the current regime.
- Repairs, replacements and improvements, in which the report asks for clearer HMRC guidance and invited a broader form of income tax relief for property costs.
- Jointly owned property, where the report recommends a stricter alignment of profit shares with beneficial ownership.
- Making Tax Digital, where the report has a number of recommendations, including a request for a higher gross income threshold until various other quirks have been resolved.
- Diversified agricultural-based businesses, where the report seeks a reduction in the complexity of rules applying to diverse rural businesses.
- Non-UK residents, where the report invited the government to review the policy of tenants withholding tax.