February 4, 2023

Gove closes tax loophole on second homes:

Many observed that there was a sudden increase in second home owners misusing the loophole whereby if you leave the property empty and claim it to be let to holidaymakers to avoid paying their share towards the local taxes. This is draining from those living in those local destinations and local businesses are suffering . This shift will protect the small holiday towns and home letting businesses , encouraging the tourism industry and forces the homeowners to contribute. 

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Will you be penalised in the forthcoming year for abusing this loophole?

Gove closes tax loophole on second homes – GOV.UK (www.gov.uk)

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