Question to the HM Treasury:

To ask His Majesty's Government, further to the Budget statement announced by the Chancellor of the Exchequer on 6 March, what assessment they have made of the long-term implications of abolishing tax relief for holiday lets and ending multiple dwelling relief from stamp duty land tax on the housing market and local economies.

By abolishing the Furnished Holiday Lettings tax regime, the government will remove the current incentive for landlords to offer short‑term holiday lets rather than longer-term homes. This will level the playing field between short-term holiday lets and long-term lets and support people to live in their local area.

An external evaluation exploring the use of Multiple Dwellings Relief showed no strong evidence the relief is meeting its original objectives of supporting investment in the private rented sector.