Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to paragraph 5.67, page 75 of the Spring Budget 2024, what assessment he has made of the potential impact of the abolition of the Furnished Holiday Lettings tax regime on the number of businesses that will (a) continue as short-term holiday lets, (b) become longer term rental properties and (c) sell the property in question.

The Government has announced that it will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025.

The Government will publish draft legislation, explanatory notes, and a tax information and impacts note in due course.

As with all aspects of tax policy, the Government keeps the taxation of property landlords under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.