Blog Post

New rules for holiday lets

TomS - Head Tom Simper Jan 26, 2022, 13:30 PM
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There are over 100,000 official holiday homes in England and Wales registered with the Valuation Office Agency, nearly double the number just four years ago.

Two-thirds of officially registered holiday homes are located within just four regions of the UK.

From April 2023, second home owners will have to prove holiday lets are rented for a minimum of 70 days and available to let for at least 140 days a year to qualify for small business rate relief.

The new rules announced by the government aim to close a tax loophole. Owners of homes that do not meet the criteria must pay Council Tax on the property. Source: Dataloft, DLUHC

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