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Self-employment Income Support Scheme: Letting Agents

Treasury written question – answered on 11th May 2020.

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Photo of Alberto Costa Alberto Costa Conservative, South Leicestershire

To ask the Chancellor of the Exchequer, whether individuals who run and manage rental properties are eligible for the Self Employment Income Support Scheme.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The new Self-Employment Income Support Scheme (SEISS) will help those with lost trading profits due to COVID-19. It means the UK will have one of the most generous self-employed COVID-19 support schemes in the world. Property income is distinct from trading income and is therefore not covered by the SEISS.

Those who are not eligible for the SEISS may be eligible for other elements of the Government’s financial support package. Following urgent discussions with the banking industry, the mortgage payment holiday of up to three months will be extended to landlords whose tenants are experiencing difficulties due to coronavirus.  In addition, the Government has announced immediate steps to give businesses access to cash to pay rent, salaries or suppliers. More information about the full range of business support measures is available at www.businesssupport.gov.uk/coronavirus-business-support.

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