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  1. A housing crisis has been reported in the region of Northumberland.

Government reviews tax treatment of holiday lets in Northumberland

1 report, 1 independent Updated Sep 22
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What happened

Some supportReported by 1 outlet

The government is reviewing tax treatment for short-term holiday lets in Northumberland. This review includes considering a tourist tax and new rules regarding council tax for properties in the region. Chancellor John Healey is reportedly considering whether these lets should be taxed as second homes rather than as businesses, which could add costs by removing business rates relief and applying council tax.

From hexham-courant.co.uk

Why it matters

Some supportBrind's analysis of the reports

Richard Bond, owner of Finest Retreats, warned that these potential changes could cause a 'tidal wave of destruction' to the industry. He noted that these properties often operate as small businesses employing local tradespeople, and the sector has significant economic contributions.

A housing crisis has been reported in the region of Northumberland.

From hexham-courant.co.uk

Who's involved

  • NorthumberlandCeremonial county and unitary authority area whose local economy is affected by policy.
  • governmentThe governing body whose policies are under review regarding the sector.
  • Richard BondOwner of Finest Retreats, a major UK holiday lettings management company.
  • John HealeyChancellor reportedly involved in the tax policy review facing scrutiny.

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A housing crisis has been reported in the region of Northumberland. All 2 developments

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