LESA extended to commercial landlords

17 2008
Carbon reduction incentives are set to be extended to corporate landlords, the government has announced today (June 17th).

From July 8th next year, private proprietors will be able to claim annual expenses of up to £1,500 per property for the cost of installing energy-efficient products such as floor insulation and draught proofing.

The Landlord's Energy Saving Allowance (LESA) scheme, which has been approved by the European Commission, could see carbon emissions cut by at least 150,000 tonnes by 2010.

Exchequer secretary to the Treasury Angela Eagle, who made the announcement, said: "Landlords and tenants both gain from the LESA. It provides an incentive for landlords to invest in making their properties more energy efficient, and for their tenants it means lower energy bills, which will be particularly welcomed in the context of the current increasing domestic fuel costs."

The LESA had previously only been available to residential landlords since its inception and subsequent approval in the Finance Act of 2004.

However, the extension was announced in the Pre-Budget Report of 2006 and was crystallised in the Finance Act of 2007.
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