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Spring Budget 2024 - Abolishment of FHL Tax Regime
During the announcement of the Spring Budget 2024, we were made aware that the special tax regime for Furnished Holiday Lets (FHLs) would be abolished. This is disappointing to hear, as owners of short let properties were able to take advantage of these special tax rules.
Read MoreWhat are the Short-letting Rules and Regulations in Place Across the UK?
In response to the increasing popularity of Airbnb and holiday homes up and down the country, new rules and regulations have been introduced to limit the number of short-let properties and restrict the number of hosting days per year. This allows the short-letting market to remain sustainable and responsible, and ensure their contribution to local communities remains beneficial.
Read MoreFire Safety Regulations for Short-let and Serviced Accommodation Come into Force on 1st October 2023
The Home Office’s fire safety reform initiative will see the introduction of new fire safety regulations from 1st October 2023 that apply to all structures under the Regulatory Reform (Fire Safety) Order 2005. This is the third phase of the programme and is a significant step forward in ensuring fire safety in all FSO regulated properties.
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