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.
Hopes Labour housing plans will end holiday let ‘blame culture’
UK: Following the results of last week’s UK General Election, new Chancellor Rachel Reeves’ announcement of new measures to accelerate housebuilding in the UK has been welcomed by the holiday let sector, which has been calling for some time for governments to tackle the real factors affecting the housing market.
UK hospitality industry reacts to Labour General Election win
UK: The Labour Party has secured a landslide victory and majority in the UK General Election, winning more than 326 of the 650 seats needed to gain a majority in the UK Parliament.
Second home tax loopholes under review by Labour Party
UK: The Labour Party is seeking to close tax loopholes that enable second homeowners to avoid paying council tax, according to The Telegraph.