RURAL TOURISM AND FURNISHED HOLIDAY LETS RELIEF

Motion Text

That this House calls on the Government to reconsider plans to abolish furnished holiday lets relief; recognises this decision will impact on the rural tourism industry by increasing the taxation burden on small businesses; understands the Treasury was attempting to close a loophole that allows people with a single holiday home abroad to get relief, but regrets Ministers have failed to differentiate between such cases and small tourist businesses; and further calls on the Government to urgently rethink this tax change before irreparable damage is caused.