UK ministers are working to resolve an anomaly in the Renters’ Rights Act that would otherwise leave hundreds of thousands of private tenants having to pay stamp duty in the coming years.
Under new legislation that comes into effect in May, most residential tenancies in England will continue indefinitely, with fixed-term tenancies that can leave tenants locked into unfair contracts abolished.
That is part of a wider package of reforms to give renters more security and stability, including an end to “no-fault evictions” and the introduction of a new ombudsman for the sector.
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