Holiday lets Archives - Page 2 of 2 - Grace Charles Investment

Business Rates review by VOA?

Hello, I have received the form VO6048 from the Valuation Office Agency (VOA) to complete in connection with their review as to whether Business Rates continues to be appropriate for my holiday lets block of 13 flats or whether Council Tax should apply.

Holiday homes worth billions in England and Wales

New research reveals there are £21 billion worth of holiday homes in England and Wales.
Letting agents Barrow and Forrester discovered there are 71,140 holiday homes found across England & Wales.
Cornwall ranks as the nation’s holiday home hotspot …

Welsh Government faces backlash over holiday accommodation licence plan

The Welsh Government’s plan to introduce a statutory licence for tourist accommodation providers has met with strong resistance from the industry and the public, according to a consultation report.
The report, which summarises the feedback from …

Landlords and second homeowners exploit tax loophole that costs councils millions

Thousands of landlords and second homeowners are exploiting a legal loophole to avoid paying council tax, leaving local authorities with a huge shortfall in revenue, the Daily Telegraph reveals.
The loophole allows owners of holiday lets and second hom…

Can I rent a large house as a one bed flat?

Hello, I have a five-bed eco house on the South Coast we recently put up for sale when our last tenants left. Unfortunately, then the market nose-dived and there has been no interest. The agents tell me this is the case with all of the more expensive p…

Is the short-term lets market to blame for the housing crisis?

We all hear about the rise in short-term lets, and how it might be to blame for the housing crisis but is it really true?
With growing regulation around short-term rentals such as Airbnb’s, many holiday-let owners are being forced out of the market.

The Times wants to speak to people gifting holiday homes to their children

Are you gifting your holiday home to your children? Then, the chief money reporter for The Times and The Sunday Times, Ali Hussain would like to speak with you.
Mr Hussain is looking for case studies to interview about families passing on wealth to you…

Daily Telegraph wants to speak to people renting out holiday lets

Are you a landlord who is renting out a holiday let? Then, Alexa Phillips the personal finance reporter for the Telegraph would like to speak with you.
Alexa would like to speak to Property118 readers about how to build a good business using Airbnb/vrb…

Holiday lets and HMRC rules?

Hello, Does anyone here understand the rules surrounding extended lets of 31 days plus, please?
Here is the Gov link:
The letting condition. In one paragraph it states this:
The pattern of occupation condition
If the total of all lettings that exceed 3…

Short term/holiday lets?

Hello, The rent from services like AirBnB are far higher than regular rentals. I estimated I’d only need to have my property occupied for around 1/3 of the year to make the same rent that I’d get for longer term rents.

Registration and planning consent needed for holiday lets

A consultation has been launched by the government to protect the UK’s ‘cherished towns’ that will see holiday homeowners being forced to get planning permission for letting their property and if it is in England, it will need to be registered.

Government urged to scrap holiday let tax breaks by advisor

A government adviser is urging the scrapping of tax perks for holiday lets which could see tax bills increasing by thousands of pounds every year for landlords.
The Office for Tax Simplification (OTS) is recommending that the government stops the owner…

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