Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Bid to Stop Burnham Imposing New Lettings Tax
Finest Retreats, the UK's largest family-owned holiday lettings management company, has published an analysis of the economic impact of holiday lets, showing that a managed holiday let puts £10,178 a year directly into its local economy.
The report comes amid efforts to stop Burnham imposing a new lettings tax, and is intended to highlight the economic contribution of managed holiday lets to local areas.
For UK letting agents and inventory clerks, the development is relevant because any new tax on lettings could affect the holiday lets sector and the wider rental market. The source does not provide further details on the proposed tax or its scope.
Source: Landlord Today