Asked by: Anne Marie Morris (Conservative - Newton Abbot)
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what assessment her Department has made of the potential impact of ending the furnished holiday let tax regime on the tourism industry.
Answered by Julia Lopez - Minister of State (Department for Science, Innovation and Technology)
DCMS is working closely with other Government departments to ensure that different measures being considered across Government that apply to short-term lets are proportionate, complementary and easy to understand.
Asked by: Anne Marie Morris (Conservative - Newton Abbot)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what data his Department used to estimate the number of short-term lets that would be suitable for primary residences when the furnished holiday let tax regime has ended.
Answered by Nigel Huddleston - Financial Secretary (HM Treasury)
The Government has announced that it will abolish the Furnished Holiday Lettings (FHL) tax regime, equalising the tax treatment of landlords with short-term holiday lets and those with standard residential properties. This will make the taxation of property fairer and simpler while raising revenue for public services. The changes will not penalise or prohibit the provision of FHLs more widely.
The Government keeps all aspects of tax policy under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.