Treasury written question – answered at on 5 September 2024.
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.
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.
Yes2 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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