Holiday let and second home owners, especially in the south of England are most at risk of higher tax bills and guest restrictions after an uproar from locals in tourist hotspots. This means that investors could face heavy losses. Local authorities have been granted the power to double council tax bills on second homes not in use or let out for at least 70 days per year in a bid to deter empty holiday homes in picturesque areas. The predicted areas currently are : North Norfolk, Cornwall, Isle of Wight, Tendring, Bath and North East Somerset. Furthermore, it is noticed that Wales and Scotland have the most second homes in the U.K. and therefore the crackdown has also begun!
Do you believe these crackdowns are valid?