Holiday Accommodation: Taxation
Commons · Question 32799 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 27 Feb 2025
Question
Asked by Edward Morello
To ask the Chancellor of the Exchequer, what recent discussions her Department has had with farming representatives on the potential impact of the Furnished Holiday Lettings tax scheme on farmers who have diversified into holiday accommodations.
Answer
Answered by James Murray, 27 Feb 2025
The Government will abolish the Furnished Holiday Lettings (FHLs) tax regime from April 2025. This will equalise the tax treatment of FHL and non-FHL landlords’ income and gains. Draft legislation to abolish the FHL tax regime was published on 29 July 202...