Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government when they plan to introduce legislation to regulate short-term let properties.
Whilst second homes and short-term lets can benefit local economies, the government appreciate that excessive concentrations in some areas of the country can impact the availability and affordability of homes, both to rent and buy.
That’s why we have abolished the furnished holiday lets tax regime, removing the incentive for landlords to prioritise short-term holiday lets over longer-term homes, and increased the higher rates of Stamp Duty Land Tax on additional dwellings to five percentage points above standard rates.
The Renters’ Rights Act also includes a provision to prevent landlords from evicting tenants simply to convert properties into holiday lets, and the Department for Culture, Media and Sport is progressing a national registration scheme for short-term lets.