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.
Treasury reviewing tax treatment of short-term lets, report claims
A newspaper report claims Labour is considering a tax raid on landlords of holiday lets at next month's Budget. The Daily Telegraph reports that the Treasury is reviewing the tax treatment of short-term lets.
According to the report, James Murray, a junior Treasury minister, confirmed in a written parliamentary answer that his department was reviewing "the tax treatment of short-term lets, such as self-catering accommodation".
The report gives no specific measures, rates or figures, and any changes would be a matter for the Budget. Letting agents and inventory clerks with clients in the short-term and holiday let sector may wish to follow the Budget for confirmation of whether any changes are announced.
Source: Landlord Today