New rules for holiday lets

Posted on Tuesday, February 1, 2022

  • There are over 100,000 official holiday homes in England and Wales registered with the Valuation Office Agency, nearly double the number just four years ago.
  • Two-thirds of officially registered holiday homes are located within just four regions of the UK.
  • From April 2023, second home owners will have to prove holiday lets are rented for a minimum of 70 days and available to let for at least 140 days a year to qualify for small business rate relief.
  • The new rules announced by the government aim to close a tax loophole. Owners of homes that do not meet the criteria must pay Council Tax on the property. Source: Dataloft, DLUHC