New restrictions for owners of second homes and holiday lets in Wales

A package of measures intended to address the high numbers of second homes in Wales has been announced.

By Debbie Franklin, Director of Tax and property tax specialist

A package of measures intended to address the high numbers of second homes in Wales has been announced.

These include:

  • The introduction of a statutory licensing scheme for all visitor accommodation, including short-term holiday lets. This will make it a requirement to obtain a license and is intended to raise standards in tourism.
  • The development of a national framework to allow local authorities to request increased Land Transaction Tax rates for second homes and holiday lets to be applied in their local area.
  • Changes to planning regulations to introduce three new planning use clauses: a primary home, second home and short-term holiday accommodation.

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

Peplows Property

FREE INITIAL REVIEW

Contact us for a free initial review.

learn more

© 2024 Peplows Property. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Peplows Property Tax Experts is part of Peplows Chartered Accountants and is a trading name of Peplows Limited, Registered In England Company Number: 3133714 - Registered Office: Moorgate House, King Street, Newton Abbot TQ12 2LG
A list of Directors is available at the Registered Office
Peplows Limited is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales
Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C003872129