by Emily Crane
Ask the Experts…
Q. I currently pay council tax on my holiday cottage. Is this right?
A. The Helpful Holidays team say:
Paying council tax on your holiday cottage is correct if it’s just your second home and not rented out commercially. If you make it available for holiday lets for 20 weeks (140 days) or more, then it should be registered for Business Rate property tax rather than council tax. This also includes Furnished Holiday Lets (FHL). The Valuations Office sets the rateable value and business rates are charged accordingly.
However, this may not be bad news as you may be entitled to claim Small Business Rate Relief – dependent on your local area. Currently, if the rateable value of a property is less than £15,000, small business rate relief can be up to 100% for many councils. So it may benefit you to register the holiday cottage for business rates.
Similarly, Furnished Holiday Letting (FHL) tax relief is available on aspects for properties made available for 30 weeks and let for at least 15 of them. Basic guidance from HM Revenue and Customs on Furnished Holiday Lets can be found on the Direct Gov website.
For more information on holiday letting, visit the Helpful Holidays Let Your Cottage Page and call the number on screen, or fill in your details to receive our information pack.
Discover how a local brand with national reach can work for you. With nearly 40 years of letting experience, we pride ourselves on delivering the bookings you deserve.
Find Out More - Click Here
Find out how we can work together. With over 25 years’ experience, our local expertise will give you peace of mind and bring you the bookings you deserve.
I joined the SEO team in January 2018, after having previously been part of Property Recruitment here at Sykes Holiday Cottages.
Driving up the long tree-lined drive, you’ll see a tennis court, an outdoor pool and a vast garden. Alston...
Nestled along the hillside looking onto the Taw Valley sits 3 unique shepherds huts offering the ultimate 5* experience....
The story behind the truly stunning property of Great Bidlake Manor is a tale that is not easily forgotten....