Holiday lets: new rules to close tax loophole

Holiday lets: new rules to close tax loophole

The Government has announced the forthcoming introduction of new rules to prevent abuse of a ‘tax loophole’ associated with holiday lets. What is a holiday let? Holiday lets are properties let out, short-term, for the sole purpose of ‘holidaying’. Typically

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Let Property Campaign: An opportunity for Airbnb hosts

Let Property Campaign: An opportunity for Airbnb hosts

Airbnb hosts who have neglected to declare taxable rental income have an opportunity to do so via HMRC’s Let Property Campaign (LPC). If rental income from a second property is not covered by rent-a-room relief, this should be declared on

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Rents set to rise as the Summer Budget has hit landlords

Almost two-thirds of landlords are considering raising rents as a result of summer Budget tax changes, research has found. In the summer Budget on 8 July, Chancellor George Osborne announced that mortgage interest relief for residential landlords would be restricted

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