STR associations meet Treasury over FHL tax regime changes
UK: Short-term rental industry associations and lobbyists have convened with HM Treasury officials in London to address the proposed changes to the Furnished Holiday Lettings [FHL] tax regime allowances.
FHL tax regime to be abolished from April 2025
UK: The UK Government will abolish the furnished holiday lettings [FHL] tax regime from April next year, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.
HMRC renews tax crackdown on holiday let landlords
UK: HM Revenue & Customs [HMRC] has launched a renewed crackdown on holiday lets investment after it was revealed that the tax authority had opened almost 2,000 investigations into landlords letting out their properties via short-term rental platforms over the last tax year.
UK associations warn of impact of FHL Budget announcements
UK: Short-term rental industry associations advocating for the sector have warned of the impact of scrapping tax relief for holiday lets, which was recently announced by the government as part of its Spring Budget 2024.
UK Chancellor scraps tax relief for holiday lets in Spring Budget
UK: As expected, UK Chancellor Jeremy Hunt has announced that the government is scrapping tax relief for holiday lets to improve the availability of long-term rentals as part of his Spring Budget 2024.
UK Chancellor extends business rate discounts for hospitality
UK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
Spring Budget 2023: Takeaways for hospitality and urban living
UK: The Chancellor of the Exchequer, Jeremy Hunt, has today outlined his Spring Budget.
UK government performs fiscal U-turn
UK: New chancellor Jeremy Hunt has announced that the majority of measures in his predecessor Kwasi Kwarteng’s mini-budget will be scrapped.