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UK Chancellor scraps tax relief for holiday lets in Spring Budget
Reading Time: 6 minutesUK: As expected, UK Chancellor Jeremy Hunt has announced that the government is scrapping tax relief for holiday lets to improve the availability of long-term rentals as part of his Spring Budget 2024.
Leeds Building Society to trial new holiday let lending restrictions
Reading Time: 2 minutesUK: Leeds Building Society is to trial restrictions on new lending for holiday homes in parts of Norfolk and Yorkshire that have become tourist hotspots.
STAA highlights missed opportunity to solve housing crisis
Reading Time: 3 minutesUK: The ongoing missed opportunity to solve the housing crisis was laid bare today by new research, conducted by the UK Short Term Accommodation Association [STAA], that revealed councils have identified almost two million unbuilt homes that are ‘deliverable’ in England.
Over 370k homes unbuilt in Scotland as crackdown begins
Reading Time: 2 minutesScotland: While the holiday let industry is blamed for the housing crisis, prompting a nationwide clampdown, a pipeline of more than 370,000 homes across Scotland remains unbuilt, new research has revealed.
Second home tax loopholes under review by Labour Party
Reading Time: 3 minutesUK: The Labour Party is seeking to close tax loopholes that enable second homeowners to avoid paying council tax, according to The Telegraph.
Whalesborough Holiday Cottages and Spa sold to private buyer
Reading Time: < 1 minuteUK: Holiday letting complex Whalesborough Holiday Cottages and Spa, based on the North Cornwall coast near Bude, has been sold to a private buyer at an undisclosed guide price.
Welsh Government opens holiday let consultation period
Reading Time: 3 minutesWales: The Welsh Government has opened a three-month consultation period with a view to implementing a statutory licensing scheme for short-term holiday let hosts and landlords in Wales.
Second home and holiday let control plans outlined in Wales
Reading Time: 2 minutesWales: The Welsh Government is planning to introduce controls to limit the numbers of second homes and holiday lets, as well as a licensing scheme for anyone listing units on booking platforms such as Airbnb.
Second homeowners face letting crackdown in the UK
Reading Time: 3 minutesUK: Second homeowners in the UK face potential restrictions on renting out their properties as holiday lets to tourists, under plans being drawn up by Housing Secretary Michael Gove.
Sykes announces return of holiday let competition
Reading Time: 2 minutesUK: Chester-based holiday rental agency Sykes Holiday Cottages has announced the return of its holiday lets competition for 2022.