Holiday Accommodation and Second Homes

(asked on 21st July 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to amend the fiscal framework for (a) second and (b) holiday homes.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 10th September 2021

All tax policy remains under review, but it would not be appropriate to speculate on the likelihood of future changes outside of a fiscal event.

Many second homeowners and owners of holiday lets will be liable for the Higher Rates for Additional Dwellings SDLT surcharge when they purchase additional property. This is part of the Government’s commitment to support first time buyers.

Owners of holiday lets may consider whether they can benefit from small business rates relief. In March, the Government announced that it will legislate to change the criteria determining whether a holiday let is valued for business rates to account for the number of days it was let. MHCLG will shortly publish further details on this change in their response to their consultation on the business rates treatment of self-catering accommodation.

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