It removed the burden and red tape on the agent to get on and manage property!
Every year lettings agents who managed properties owned by non resident landords have to file a return outlining landlords income and expenses. Lets remove this burden and leave it to the landlords and their accountants toliase with the tax office. The crazy thing about this regulation is that if the agent gets it wrong they are the ones who are fined (not the landlord) !!