Landlords could claim eco-tax breaks for green initiatives

The National Landlords Association (NLA) has urged private residential landlords to make use the Landlord’s Energy Saving Allowance (LESA), a tax break that allows landlords to claim on their tax return against the cost of buying and installing energy saving items.

The UK representative body for landlords says they should take advantage of this system that allows them to be able to claim a maximum of £1,500 per property against the cost of installing draught proofing, loft insulation, floor insulation, cavity wall insulation, solid wall insulation or insulation for hot water systems.

David Salusbury, chairman of the NLA, said: “LESA is a welcome incentive for landlords to encourage them to make the necessary energy efficiency improvements.

“As well as contributing to the overall efforts by society to combat climate change, landlords may see an increase in the value of their investment as a result of energy efficiency improvements.”