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<p>HM Treasury expects a minimal impact on the supply of property in the private rented
sector in Scotland and the UK from changes to restrict tax relief on finance costs.
Fewer than 1 in 5 landlords are expected to pay more tax as a result of this measure
and it will be introduced gradually from April 2017 over 4 years to give landlords
time to adjust. The Budget also announced increased Rent a Room relief, which can
help to increase levels of private rented accommodation.</p><p> </p><p> </p><p> </p><p>The
Government is taking significant steps to support housing supply with housing starts
at a 7 year high. Overall, the OBR believe the impact on the housing market will be
small and, taking account of the other measures in the Summer Budget, have not adjusted
their forecast for house prices.</p><p> </p><p> </p><p> </p><p> </p><p> </p>
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