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30/07/2024

Draft Legislation for Abolishing the Furnished Holiday Lets (FHLs)Tax Regime Published

The draft legislation for abolishing the Furnished Holiday Lets (FHLs) tax regime has been published 29th July 2024. The consultation for the legislation will be open until 15 September.

Fiona Campbell, CEO of the Association of Scotland’s Self-Caterers, said:

“Both the Scottish and UK Governments should be laser focused on a pro-small business, pro-growth agenda to help revitalise our economy. Unfortunately, the abolition of the current Furnished Holiday Lettings (FHLs) tax regime runs contrary to that objective and will damage a key part of our tourist economy which supports jobs and livelihoods in communities across the UK. 

This is particularly unfortunate news for the sector in Scotland, as self-catering operators continue to be hammered by the costs associated with the Scottish Government’s onerous short-term let licensing and planning regulations and who will also face the introduction of a visitor levy. Scrapping FHL tax regime will make a bad situation much worse.

We would encourage all affected stakeholders to engage with HM Treasury’s consultation on FHLs, highlighting the negative impact this will have for small businesses.”

 

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