The UK Government has ended the Furnished Holiday Lettings (FHL) rules. Since 6 April 2025, all holiday lets are taxed in the same way as normal rental income. This applies across the whole UK and affects anyone running a holiday let, Airbnb-style rental, cottage, annexe, or other short-stay property.

Centre for London has called for a Proportional Property Tax as part of a wider plan to tackle London’s housing crisis. The city not only needs more homes, but also a better way to use, fund, and distribute the homes it already has. Although the report focuses on the capital, many of the pressures it identifies are felt across the UK, including a shortage of social housing, high moving costs, a lack of suitable homes for older people, and barriers to new development.

The UK Government has launched a consultation on the design of the surcharge, first announced in the 2025 Autumn Budget, which is expected to apply to homes in England valued at £2 million or more from 2028. If the reforms are to address unfairness in the existing system effectively, property values must be assessed consistently and updated regularly and clearly so consumers can calculate their council tax.

The UK Government has set out further reforms across housing, communities, and local government. Proposals affect leasehold, building safety, social housing, local authority standards, and tourism levies, all of which could impact local housing markets and influence the way councils, owners, agents and residents interact.

With the Senedd election approaching on 7 May 2026, housing remains a critical issue across Wales. All major parties recognise the need to increase supply and improve affordability, but their approaches differ significantly. The next Welsh Government will need to strike a careful balance between raising standards and maintaining investment, particularly in the private rented sector (PRS).

With the Scottish Parliament election approaching on 7 May 2026, all major political parties have set out their housing priorities. The next Scottish Government will need to strike a careful balance between improving standards and maintaining supply. Policies that focus too heavily on regulation risk reducing investment, while those that prioritise supply must still ensure quality and consumer protection.

The Welsh Government has set out plans to change how Houses in Multiple Occupation (HMOs) are treated for council tax, confirming that property owners, not tenants, will remain liable and that properties will be valued as a single dwelling. The move brings greater consistency to the system and aligns Wales more closely with the approach already taken in England.

From 6 April, 125,000 landlords and sole traders in the property sector must use Making Tax Digital (MTD) software, in the biggest change to the Self-Assessment system since 1997. Support is available to those impacted, and HMRC has confirmed that no penalties will be issued for late quarterly updates in the 2026 to 2027 tax year as the system beds in.

With elections to the Senedd approaching, we have set out clear priorities for the next Welsh Government to support a stable, professional and sustainable housing sector. Our new manifesto, published in Welsh and English, outlines practical steps to increase supply, raise standards and support property professionals, while ensuring consumers are protected.

With Holyrood elections set for 7 May 2026 and a national housing emergency declared in 2024, we have set out what the next Scottish Government must do to support a stable, affordable and functioning property market. Our manifesto focuses on practical reforms that increase supply, improve affordability and strengthen professional standards — shaped directly by member insight.

Whilst nothing significant was delivered defining housing policy, the statement set the tone for future decisions. Yet, without sustained, targeted support for housing, the underlying pressures in the property market will remain. Transactions depend on confidence, investment depends on stability, and supply depends on a coherent long-term strategy.

The Welsh Government’s 2026–27 Budget, approved by the Senedd on 27 January 2026, includes extra support for councils, changes to business rates from April 2026 and more funding for Green Home Wales, but key opportunities were missed to support rental supply and first-time buyers.

Many self-employed property agents and landlords are accustomed to submitting a Self-Assessment tax return annually. However, as the tax and regulatory landscape becomes increasingly complex, the risk of mistakes or missed deadlines could grow, particularly for landlords with small portfolios who must juggle compliance alongside day-to-day responsibilities.

The private rented sector (PRS) is being reshaped by changing motivations and new financial pressures, which help explain the structural changes behind shrinking stock levels, higher churn, and new expectations around compliance and profitability. For agents, these insights help develop and position services to effectively address the needs of their clients in a shifting market.

Despite a multi-year commitment to affordable housing supply and increased investment in acquisitions and homelessness prevention, it is surprising that the Scottish Government is yet again failing to tackle the housing emergency, and the Budget misses an important opportunity to address the growing tax burden on housing. At a time of acute housing pressure, Scotland needs policies that encourage mobility and investment across all tenures.

Despite weeks of speculation, the Chancellor’s speech contained no changes to Stamp Duty and, disappointingly, no announcement on LHA rates , which remain frozen. However, Rachel Reeves, MP, has pushed ahead with plans for a ‘mansion tax’ on properties worth over £2 million, an increase in property income tax, and increases to the National Minimum Wage.