Article preview: Second home owners face a crackdown on business rates relief, following a consultation published by the government. Other consultations published on the so-called ‘Tax Day’ included a move to reduce the red tape for inheritance tax, but little in the way of significant tax reforms, which had been widely expected. HM Treasury wants to tighten up the rules for allowing second homes to be registered for business rates, only allowing this to happen for genuine holiday lets.
Business Rates reform for second home owners
This 371-word blog post looks at the second-home business rates rule change announced during ‘tax day’ along with a red-tape reduction for inheritance tax reporting on non-taxpaying estates. Written on 24th March 2021.
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