Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to review the tax status of furnished holiday lets.

Furnished Holiday Lettings (FHLs) make an important contribution to local economies across the UK, especially in coastal and rural areas. To support FHLs in England during the current COVID-19 pandemic, the Government has provided full business rates relief and grants of up to £25,000 per business. Consequential funding has been provided to the devolved administrations in line with the Barnett formula.

The Government does not currently plan to review the tax status of FHLs, which are well established and provide equitable tax outcomes.

However, the Government keeps all tax policy, including the tax status of FHLs, under review, including as part of the response to COVID-19.