Tax breaks for second homeowners letting to holiday makers are to be axed.
The Furnished Holiday Lettings regime is to be disbanded, Mr Hunt revealed. Currently, the tax breaks make it more profitable for second
homeowners to let out their properties to holiday makers rather than to residential tenants to rent, raising concerns over the availability
of long-term rental housing for local people. Multiple Dwellings Relief is also being abolished.
Furnished Holiday Lettings regime scrapped
Thursday, March 7, 2024