There’s been renewed media spotlight on landlords who register their holiday lets as businesses, and can thus claim a key grant.
The Mail Online says properties classified as businesses are eligible for the government’s small business grant scheme.
It has long been the case that holiday homes available to let for 140 days of the year and taking bookings for at least half of those days, are entitled to be listed as businesses.
They pay business rates rather than council tax and can in theory collect around £1,300 support for small businesses closed due to Coronavirus restrictions. It’s thought 62,000 homes could benefit from this grant.
The Mail says this is not the first Coronavirus windfall for holiday home owners: in March the government provided funds to councils to support some small businesses by providing a one-off cash grant of £10,000.
“Two years ago the government launched a consultation – which has so far not concluded – on the loophole. At the time, it complained that second home owners 'could exploit' what it described as a business rates 'loophole' which could be costing English councils millions in lost council tax” it says.
The site continues: “It admitted there was 'currently no requirement for evidence to be produced that a property has actually been commercially let' for the required 70 days a year.”
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