The Caithness Business Index has posted the following article:

Gove Closes Tax Loophole On Second Homes

[IMG][/IMG] Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under tough new measures. Homeowners who leave properties empty while pretending to let them to holidaymakers will be targeted Under the new rules, holiday lets must be rented out for a minimum of 70 days a year to qualify for business rates, which often brings financial advantages Changes to tax rules will protect genuine holiday lets and benefit popular holiday destinations, including Devon, Cornwall and the Lake District Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under tough new measures announced by the government today (14 January 2022). [Read Full Article]