milkeybar kid Posted December 7, 2009 Share Posted December 7, 2009 Does it effect many of you here ? Listening to the news this morning again the UK government are trying to get much needed money, they are proposing that UK self catering tax breaks to owners in UK are to be abolished because (so they say!!) it could be breaking UE rules.MBK Link to comment Share on other sites More sharing options...
Pickles Posted December 7, 2009 Share Posted December 7, 2009 [quote user="milkeybar kid"]Does it effect many of you here ? Listening to the news this morning again the UK government are trying to get much needed money, they are proposing that UK self catering tax breaks to owners in UK are to be abolished because (so they say!!) it could be breaking UE rules.MBK[/quote]IIRC, this was originally announced in the last Budget, to take effect from the next tax year (ie 2010-11) and removes the preferential treatment of holiday lettings vis-a-vis longer-term lettings.Am I correct?RegardsPickles Link to comment Share on other sites More sharing options...
Pierre ZFP Posted December 7, 2009 Share Posted December 7, 2009 So what sort of Perks are currently OK then? (not that I do any sort of renting - just curious) Link to comment Share on other sites More sharing options...
milkeybar kid Posted December 7, 2009 Author Share Posted December 7, 2009 I caught only the highlights but it seemed to refer to renovations but also I think you are not taxed on the income quite the same? possibly. Surely someone here could enlighten us,it does not effect me but I just like to know about these things. Edited.... this is an old link from when it was first mooted, but explains more than I knew before!!!http://news.bbc.co.uk/1/hi/business/8013022.stm Link to comment Share on other sites More sharing options...
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