Conservative thinktank, Onward, wrote a report in 2018 which suggested the money saved from Capital Gains Tax should be split fifty-fifty between landlord and tenant, with Raab taking this further suggesting a third to the landlord and two thirds to the tenant.
The MP suggested that the money given to the tenant could go towards their 10 per cent deposit.
Raab calls for sanctions to be imposed on developers who fail to build houses at the rates they promise, when they purchase a plot and secure planning permission. In an interview with the Daily Telegraph he also identified further solutions to fix the broken housing market:
Raab could be in the running as the next Conservative party Leader, should current Prime Minister Theresa May resign as per her Brexit promise.
ALRA Propertymark responded to Overcoming the Barriers to Longer Term Tenancies consultation,where we called for Capital Gains Tax roll-over relief to apply where the proceeds of a rented property are re-invested in the private rented sector as it similarly applies in other areas of business.
To read more on this story: https://www.arla.co.uk/news/april-2019/ex-housing-minister-calls-for-changes-to-landlords-capital-gains-tax/