Short-Term Letting for Holiday Purposes

Lord Beecham Excerpts

Thursday 2nd March 2017 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, as my noble friend will be aware, we discussed business rates yesterday and we are looking at the position of businesses that have had steep increases. Many hotels around the country have not had steep increases and, indeed, some will have experienced a fall in business rates. In answer to the general point, we also need to be aware that many consumers benefit from this. This is very popular, as is evidenced by the fact that it throws up some concerns. We have to consider the matter in a balanced way.

[Lord Beecham (Lab)]

What steps does the Inland Revenue take to collect tax from the owners of properties that are let out on this basis, including capital gains tax, where a property is disposed of after such use?