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Info on Holiday Home Stealth Tax

Furnished Holiday Lets Tax Change Proposals - Second home owners potential 'stealth tax'

UPDATE 23RD JUNE 2010. IN YESTERDAY'S BUDGET THE GOVERNMENT SCRAPPED THE PLANS TO CHANGE THE CURRENT FHL RULES - GREAT NEWS FOR HOLIDAY COTTAGE OWNERS!

As you may be aware there are currently proposals to change the tax treatment for owners of second homes, or “Furnished Holiday Lets”.  This could have a significant impact on the viability of some businesses and so we urge you to review the details and to make representation to your MP to ensure they realise that this is an important issue.

As always these things can change so please review the latest information on the governments own website. Useful links for this include:

The Federation of National Self Catering Associations (FONSCA) has been keeping a close eye on this and has an informative article – click here.

There has also been a raft of press articles on this recently, including on the BBC, in the Daily Telegraph, and Daily Mail.

If you have any information on this or other issues relevant to our members please contact us.

Updated June 2010.

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