Furnished holiday lets
The government proposes that properties bought as furnished holiday lets should be treated in the same way as all other residential properties – if the property is purchased as an additional property the higher rates will apply.
Details at https://www.gov.uk/government/consultat ... ties/highe
Responses are invited up to 11.45p.m. Send e mails
sdltadditionalproperties@hmtreasury.gsi.gov.uk
I am objecting on the basis that
1) Furnished holiday lets are seen as distinct and different from properties let on a 6 month short hold tenancies with different tax rules applying. They are therefore already recognised as having a different function,
2) Furnished holiday lets promote tourism in the UK encouraging tourists from overseas and bringing foreign currency into the country. My cottage has visitors for more than 40 weeks of the year.More than 60% of my holiday let guests are from overseas.
I have worked hard to achieve this and if I ever was in the position to buy an additional property believe the economy would benefit and I should not be penalised with additional taxes.
I promote my area on Social Media as a tourist destination and have people across the world following my posts who may visit Brighton / Sussex as a result. This is a very different scenario to a regular buy to let property. My publicity can bring financial benefits not just to my holiday let but also local hotels (where I refer people when my property is booked) local tourist attractions, shops and cafes.