Business Rates and Income Tax

Business Rates and Income Tax

The Valuation Office Agency and HRMC are independent government departments and have there own rules and regulations.

The Valuation Office determines who eligible to qualify for Business Rate relief and HRMC determines how much tax is payable on income earned.

Business Rates

To qualify a self-catering holiday must be let for a minimum of 70 days. This rule came into force this year 2023.

HMRC

To qualify for tax relief on expenses incurred on a self-catering holiday home the minimum days to be let is 105.

Owners may qualify for business rate relief of 70 days but not tax relief if less than 105.

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