Asked by: Jayne Kirkham (Labour (Co-op) - Truro and Falmouth)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of excluding properties that are restricted by planning permission for holiday let use only from the removal of the Furnished Lets Allowance.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The Government will abolish the Furnished Holiday Lets (FHLs) tax regime from April 2025, and will apply to all furnished holiday let properties.
This measure will equalise the tax treatment of landlords’ property income and gains.
Asked by: Jayne Kirkham (Labour (Co-op) - Truro and Falmouth)
Question to the HM Treasury:
What steps she is taking to help ensure value for money from public spending.
Answered by Darren Jones - Chief Secretary to the Treasury
In her speech on the 29th of July, the Chancellor outlined the tough choices that this government will make to guarantee that we are tackling waste and driving efficiency.
This Government is placing value for money at the core of every decision, The Chancellor announced a new Office for Value for Money that will work system-wide to ensure that value for money is prioritised, and recommend necessary changes to deliver this ambition.