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A package of measures intended to address the high numbers of second homes in Wales has been announced.
Consultation on the introduction of a tourist accommodation registration scheme for England is also currently taking place.
Changes to the rates of Council Tax on second homes in Wales and long-term empty properties as well as the qualifying conditions for Business Rates in respect of commercially let self-catering accommodation were announced in March 2022.
For more information see New package of measures to address high numbers of second homes | GOV.WALES
06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.
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