Holiday Accommodation: Taxation — Written Question

Question

Mr Angus MacDonald

Liberal Democrat — Inverness, Skye and West Ross-shire

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of terminating the furnished holiday lettings tax regime on local (a) economies and (b) employment in tourist destinations.

Answer

James Murray

The Government will abolish the Furnished Holiday Lets (FHLs) tax regime from April 2025, which will equalise the tax treatment of landlords’ property income and gains. The government wants to support visitor accommodation alongside housing for long term-...

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