Landlords’ Energy Efficiency Scheme

It was announced in the Budget 2006 that the Landlords Energy Saving Allowance was to be extended to include draught proofing and the insulation of hot water systems. The scheme, which was first announced in the 2004 Budget, provides £1,500 for landlords investing in energy saving measures for their properties. There are also other measure which are eligible as well such as cavity wall, loft and solid wall insulation.

The Budget also confirmed the Pre-Budget announcement that the Wear and Tear Allowance (the 10% pa allowance given by HM Revenue & Customs for depreciation of landlord’s assets) is to be made conditional on the energy efficiency level of the property thereby incentivising the measures landlords can take to improve the energy efficiency of their properties by linking this to the forthcoming Energy Performance Certificates.

Continue reading Landlords’ Energy Efficiency Scheme…