Originally posted by d000hg
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Since 2012, second homers and holiday lets, who had mostly been paying Council Tax before, took advantage of a change in the law designed to scrap business rates altogether for any small business. They started to register as a business instead, and in turn for the new small business rates relief, meaning they wouldn’t have to pay anything at all.
In 2020, of the 23,000 odd properties registered in Cornwall as a second home or holiday let, 10,500 are now claiming the Small Business Rates Relief.
So when the Chancellor gave out generous grants to help small businesses to survive over the pandemic, the 10,500 second homes/holiday lets got grants too, along with everybody else on the Business Rates list.
In order to qualify to switch a second home from Council Tax to Business Rate liability and then take advantage of the entitlement to full rate relief the owner must make their home available for holiday letting for at least 140 days (20 weeks) a year. They don’t have to actually let the property for that time. Just make it available for letting. They can still use the home as a second home for the rest of the tiSince 2012, second homers and holiday lets, who had mostly been paying Council Tax before, took advantage of a change in the law designed to scrap business rates altogether for any small business. They started to register as a business instead, and in turn for the new small business rates relief, meaning they wouldn’t have to pay anything at all.
In 2020, of the 23,000 odd properties registered in Cornwall as a second home or holiday let, 10,500 are now claiming the Small Business Rates Relief.
So when the Chancellor gave out generous grants to help small businesses to survive over the pandemic, the 10,500 second homes/holiday lets got grants too, along with everybody else on the Business Rates list.
In order to qualify to switch a second home from Council Tax to Business Rate liability and then take advantage of the entitlement to full rate relief the owner must make their home available for holiday letting for at least 140 days (20 weeks) a year. They don’t have to actually let the property for that time. Just make it available for letting. They can still use the home as a second home for the rest of the tiSince 2012, second homers and holiday lets, who had mostly been paying Council Tax before, took advantage of a change in the law designed to scrap business rates altogether for any small business. They started to register as a business instead, and in turn for the new small business rates relief, meaning they wouldn’t have to pay anything at all.
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