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Planning Geek

Property on Fire

The Generation Rent activist group has targeted Airbnb owners in a new campaign, which they hope will see these people taxed. They are trying to get people 9o contact their MP via a template letter ahead of the Budget later this month. 

On social media Generation Rent tells its many followers: “The rise of AirBnBs is denying homes to people who need them. Taxing them properly will mean more #HomesNotHotels. Ask your MP to call on Rishi Sunak to close the holiday let tax loophole at the Spring Forecast on 23 March.”

They are asking people to “contact their MP to request the chancellor to close the loophole that allows landlords to claim tax relief on mortgate (sic) interest if they let to tourists but not to tennants (sic) “

 

Airbnb

Picture (c) Airbnb

 

The standard letter to MPs reads:

“As you may know, the rise of holiday lets have had a huge impact on areas throughout Great Britain that are popular with holidaymakers.

“While the domestic tourism industry is a big part of the economy, and it is important that there is accommodation to support this, the growth of the holiday let sector is taking homes away from people who need to live there and damaging communities.

“I read that the Government has acted to tighten the rules so that second homeowners can no longer avoid paying council tax by claiming that their property is a holiday let. 

“This is welcome news, but it is not the solution.

“The new thresholds to qualify for business rates will bring some funds back into local communities – but they will do nothing to make more homes available to local people.

“The tax system still incentivises landlords to switch from renting to local people to holiday lets so they can claim tax relief on their mortgage interest payments.

“If the government wants to help people up and down the country find a home they can afford, withdrawing the tax relief from holiday lets would encourage landlords to start letting to tenants again.”

 

 
 

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