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Holiday let tax rules allow owners to escape thousands of pounds in tax

Holiday let tax rules allow owners to escape thousands of pounds in tax

by Sarah Walton | Aug 9, 2023

The tax treatment of furnished holiday properties appears inappropriately generous and could encourage owners to lock away much needed housing stock to save thousands of pounds in income and capital gains taxes. The regime, dating back to the 1980s is in desperate...
‘Our tax system is too complicated’ concludes Treasury Committee report on tax reliefs

‘Our tax system is too complicated’ concludes Treasury Committee report on tax reliefs

by Sarah Walton | Jul 26, 2023

The Treasury Select Committee (TSC) today published a report1 about the complicated world of tax reliefs. Last year TaxWatch provided written evidence to the Committee on this enquiry and in December last year, TaxWatch’s then acting director, Alex Dunnagan, gave oral...

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