Hol­i­day lets hail end of re­peal plan

Yorkshire Post - Property - - PROPERTY -

The Gov­ern­ment has been forced to drop a num­ber of items from the Fi­nance Bill in­clud­ing the re­peal of rules which al­low fur­nished hol­i­day let­ting busi­nesses to be taxed as trad­ing busi­nesses, like B&Bs and ho­tels, rather than res­i­den­tial prop­erty let­ting busi­nesses. The re­peal gen­er­ated wide­spread op­po­si­tion. Ge­off Cowlery, of Hol­i­day Cot­tages Group, based in Earby, says: “Over the 12 months since the re­peal was first pro­posed we have worked closely with in­dus­try, civil ser­vants and politi­cians of all par­ties to high­light the neg­a­tive im­pact the re­peal would have on small busi­nesses.”

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