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Platinum Equity in pole position for Wyndham’s European rentals business
Reading Time: < 1 minuteUK: US investment firm Platinum Equity is reported to be nearing a £720 million deal to buy Wyndham Worldwide’s European vacation rental division. The sale involves brands including Hoseasons, Cottages.com and James Villas, which have a combined 4.4 million properties on their books. Platinum Equity is understood to have seen off a bid from CVC Capital […]
UK government examining holiday home loophole
Reading Time: < 1 minuteUK: The government is looking into a tax loophole that allows owners of holiday homes to avoid paying council tax and business rates. The home owners can convert the properties to business use and enjoy small business rate relief to avoid both charges. Conservative MP for St Austell and Newquay Steve Double, speaking at recent […]