Holiday Accommodation

Treasury written question – answered at on 5 September 2024.

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Photo of Jayne Kirkham Jayne Kirkham Labour/Co-operative, Truro and Falmouth

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of excluding properties that are restricted by planning permission for holiday let use only from the removal of the Furnished Lets Allowance.

Photo of James Murray James Murray The Exchequer Secretary

The Government will abolish the Furnished Holiday Lets (FHLs) tax regime from April 2025, and will apply to all furnished holiday let properties.

This measure will equalise the tax treatment of landlords’ property income and gains.

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