Holiday lets contribute to the economy, create jobs, and support tourism. The Opposition backs small businesses, including responsible short-term holiday letting, recognising they bring significant investment to local communities. At the same time, it is important to acknowledge the impact that large numbers of holiday lets concentrated in an area can have on local communities.
The Government has published draft legislation to abolish the furnished holiday lettings tax regime from April 2025. The intention is to align the tax rules for furnished holiday lettings with those for other property businesses. This is an important step to level the playing field between short-term and long-term lets and support people to live in their local area.
DS