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answer › answer text	%3Cp%3EThe Government has announced that it will abolish the Furnished Holiday Lettings %28FHL%29 tax regime from April 2025.%3C%2Fp%3E%3Cp%3E %3C%2Fp%3E%3Cp%3EThe Government will publish draft legislation%2C explanatory notes%2C and a tax information and impacts note in due course.%3C%2Fp%3E%3Cp%3E %3C%2Fp%3E%3Cp%3EAs with all aspects of tax policy%2C the Government keeps the taxation of property landlords under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.%3C%2Fp%3E
house id	1
min date	2024-03-04
tabling member constituency	North West Norfolk

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uin

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1701550

registered interest

date

16/04/2024

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Holiday Accommodation: Taxation

house id

legislature

25259

pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, with reference to paragraph 5.67, page 75 of the Spring Budget 2024, what assessment he has made of the potential impact of the abolition of the Furnished Holiday Lettings tax regime on the number of businesses that will (a) continue as short-term holiday lets, (b) become longer term rental properties and (c) sell the property in question.

tabling member constituency

North West Norfolk

tabling member printed

James Wild

uin

22169

answer

is ministerial correction

date of answer

24/04/2024

answer text

The Government has announced that it will abolish the Furnished Holiday Lettings (FHL) tax regime from April 2025. The Government will publish draft legislation, explanatory notes, and a tax information and impacts note in due course. As with all aspects of tax policy, the Government keeps the taxation of property landlords under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.

answering member constituency

Mid Worcestershire

answering member printed

Nigel Huddleston

question first answered

24/04/2024 14:22:05

answering member

4407

label	Biography information for Nigel Huddleston

tabling member

4787

label	Biography information for James Wild