Private Rented Housing

(asked on 25th October 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps his Department could take to ensure that privately rented properties are not used as short term holiday lets.


Answered by
Victoria Atkins Portrait
Victoria Atkins
Secretary of State for Health and Social Care
This question was answered on 2nd November 2022

There are stringent conditions to be a Furnished Holiday Let (FHL), including that it must be available for commercial let for at least 210 days and let commercially for at least 105 days of the year.

There are also separate criteria for FHLs to be eligible for business rates. In January 2022, the Government announced strengthened criteria requiring owners of holiday rentals to prove that their property was advertised for at least 140 days and actually let out for at least 70 days to qualify for a business rates assessment. This will ensure that only genuine holiday rentals are assessed for business rates and, where appropriate, able to access the rates relief available for small businesses.

As with all aspects of the tax system, the Government will keeps FHLs 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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