Holiday Accommodation: Taxation

(asked on 18th March 2024) - View Source

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 Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 25th March 2024

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.

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