‘My £20k bill for holiday lets deemed second homes’
https://www.bbc.co.uk/news/articles/c4gegkxxlg3o
Posted by Callump01
‘My £20k bill for holiday lets deemed second homes’
https://www.bbc.co.uk/news/articles/c4gegkxxlg3o
Posted by Callump01
33 Comments
So she owns 8 properties and thinks she should be excluded from the new rules?
Where’s my tiny violin?
Woman running business upset at having to pay business rates?
Wait are they presenting this as a problem?
This shows the changes in legislation are working and hopefully will force these people to sell up so people can buy houses/flats or the owners can just pay more tax.
This looks good to me.
Yet this sub the other day was defending the likes of her receiving the winter fuel allowance. Go figure.
8 flats at an average rate of £300 per night each on weekends, and she now faces a £9000 a year council tax bill.
Each flat will pay their bill with just two weekends of bookings.
My sympathy to these poor people
Articles like this, trying to make us feel sorry for someone owning eight properties, are laughable. She asks what she is supposed to do to pay the bill. Well, hazard a guess, you have eight properties worth more than £20k.
It is disturbing how many landlords a) play the victim and b) do not understand basic market principles. I have had conversations with two landlords in the last month who complained about having to reduce rents because they could not fill a property or sell a property due to being cash-strapped. If you cannot fill properties, you charge too much; that is basic economics. If that means you are no longer profitable, you are no longer running a viable business. No, I do not feel sorry for you having to sell one of your eight houses, you are not financially insecure if you can sell off a 6 figure asset anytime your fiscal irresponsibility makes you fall on ‘hard times’. Landlords are not providing a service; they are hoovering up assets already there, forcing the rest of us to rent and making it harder for us to buy.
The country is full of these types of people. Entitled old boomers who think everything should benefit them personally.
The amount of boomers I meet who don’t even declare their rental income and understand it’s taxable! They think it’s free money.
Met a woman who’s been making £50k a year renting out her property portfolio for decades. Never once paid tax on it.
Absolute joke
This is excellent news in my book. Potential homes being used for profit making and the new laws are pricing them out.
Kudos to whichever government introduced them. Job well done.
She should be letting these as themed vintage apartment stays because these flats a straight outta 70s/80s
nobody gives a fuck, we all know she will just jack up the already inflated prices and it will make absolutely no difference to her life anyways
Tax landlords twice the amount as working people that do the work.
Just a thought.
8 properties eh? Blimey, she must be a millionaire. She can handle it.
To be fair to her holiday lets are not second homes so they should be taxed as businesses
Its amusing seeing the comments here from people who think the economy and cost of properties in Blackpool is similar to Sandbanks
>”I read in the newspapers about this second homes crackdown, but we never considered for a moment it would impact us.”
I would love to know their reasoning for not checking.
Being a landlord isn’t a career choice, gotta get a real job like the rest of us 🤪
> “All of the businesses that have contacted me are considering selling because they don’t know where they’re going to get the money to cover these new bills.”
Otherwise known as “new policy working as intended”. Short-term lets are not what the country needs when the housing situation is as it is.
Looks absolutely fair enough, if you’re not letting it out for long enough for it to count as a holiday let, it is just blocking the local housing market and is effectively a second home.
Don’t like it? Sell one of your 8 properties. You might even have enough change to buy a tiny violin. Even in Blackpool, that’s at least a million quid, I’m not going to have any sympathy for a millionaire hoarding properties.
This is *exactly* the kind of situation that the change in the rules was designed to deal with. The change announced **in 2023** by the way.
I can summon no sympathy. She didn’t think the rules applied to her, they do, she’ll sell up and then 8 new flats are available by people who don’t even own one house. Sounds to me like the new laws are working well…
Outstanding!! Love seeing this type of thing. Houses should be sold to people who want to live in them. We can make resorts and hotels for tourists and worry about holiday lets once there’s no longer a housing crisis.
This looks more like a HMO than 8 individual properties.
I’m not sure what the rules are, but I think holiday lets were subject to more favourable terms than HMOs until the recent changes.
So, she has probably deemed them holiday lets to take advantage of the more favourable terms. She has had a year to change them to being a HMO, and probably hasn’t due to the above.
Now it has bitten her in the backside.
I do feel sorry for her as the business probably generates minimal income, but I’m glad these changes are finally being implemented and enforced. Places like Cornwall and the Lakes needed this years ago.
Won’t anyone think of the poor boomers with multiple properties!
This is the biggest drawback with holiday lets. If this is causing her to lose money she needs to put long term tenants in.
*Oh dear, how sad, never mind* Battery Sgt. Maj. Williams.
Wait a minute she has 8 holiday lets on Blackpool sea front and is moaning because she’s been asked to pay a bill for them and says she can’t afford it??? Excuse me but where is all the money going??? These kind of people annoy me!
So knew there were changes coming a year ago. Didn’t bother to find out if they would be impacted by new rules. Gets upset that new rules impact them?
What do a company like center parcs pay in council tax? Is each lodge individually taxed?
Its an interesting Q – is she falling foul due to how the building appears or her company structure?
When is/isn’t a self contained flat eligible to pay council tax.
Fortunately not a problem I will ever have..
I read in the newspapers about this second homes crackdown, but we never considered for a moment it would impact us.
And then the leopards appeared
You’ve priced 8 families out of a home so bloody right you need to put your hand in your pocket and pay up.
Only local authorities should be landlords, housing shouldn’t be a business.
Got 8 flats when the rest of us young people can’t own fucking 1. Cry me a river.
Absolute morons, at no point do they realise that them selling their holiday lets is the entire idea of the legislation
So she couldn’t evidence that she advertised the property as being available for 140 nights a year and managed to let them for 70 nights per year. She was being half assed at running her holiday lets or was doing it all privately and off the books. Now she’s crying about ongoing bills instead of renting them out as general needs and bringing money in.
Holiday lets are taking so much housing supply at the same time as rents are going through the roof and homelessness is increasing.