Oral Question·Treasury
“What assessment she has made of the potential impact of her tax policies on investment in second homes.”
Tabled: 2 April 2025Answered: 8 April 2025
Asked by
Andrew George
Liberal Democrat — St Ives
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
The Exchequer Secretary to the Treasury (James Murray)
While short-term lets and second homes can benefit the tourist economy, we recognise that they can impact the availability and affordability of main homes in some communities. That is why we have enabled councils to charge a premium of up to 100% on the council tax bills of second homes, increased the higher rates of stamp duty land tax on the purchase of second homes and abolished the furnished holiday lets tax regime.