Holiday Accommodation
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment her Department has made of the potential impact of short term holiday lets on accessibility to local housing stock.
Answered by Matthew Pennycook
The government recognise that excessive concentrations of short-term lets and second homes impact on the availability and affordability of homes for local residents to buy and rent, as well as local services.
Local authorities are now able to apply a premium of up to 100% extra on the council tax bills of second homes. The premium will provide additional funding for councils and help local leaders to address the impacts of second homes and improve the sustainability of communities where they consider it necessary.
From 31 October 2024, the higher rates of Stamp Duty Land Tax (SDLT) on additional dwellings were increased from three percentage points above standard rates to five percentage points above standard rates. This is to ensure that those looking to move home, or purchase their first property, have a greater advantage over second home buyers, landlords, and businesses purchasing residential property.
We are considering what additional powers we might give local authorities to enable them to respond to the pressures created by short-term lets and second homes.
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