{"id":143270,"date":"2024-03-31T16:00:35","date_gmt":"2024-03-31T09:00:35","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-hits-the-wrong-people-rich-second-home-owners-who-can-afford-to-let-them-sit-empty-will-carry-on\/"},"modified":"2024-03-31T16:19:22","modified_gmt":"2024-03-31T09:19:22","slug":"this-hits-the-wrong-people-rich-second-home-owners-who-can-afford-to-let-them-sit-empty-will-carry-on","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-hits-the-wrong-people-rich-second-home-owners-who-can-afford-to-let-them-sit-empty-will-carry-on\/","title":{"rendered":"\u2018This hits the wrong people. Rich second home owners who can afford to let them sit empty will carry on\u2019"},"content":{"rendered":"


\nJeremy Hunt\u2019s abolition of tax relief for holiday lettings will do nothing to ease the UK housing shortage, say property ownersJen Boyle, a 64-year-old widow from Falkirk, owns and runs two small holiday lets on the Scottish island of Cumbrae, home to about 1,300 people. In the last tax year, the properties generated \u00a315,000 in turnover, though Boyle\u2019s personal profit was only around \u00a35,000 after expenses.\u201cI pay for heating, water rates, internet, new bedding, occasional repairs and for using the local launderette; I employ local cleaners, gardeners, a local guy who takes out my bins,\u201d she says. \u201cI only charge \u00a3420 a week in the high season. People who come to the island tend to be from the Glasgow area and generally don\u2019t have a lot of money, so increasing my rates is not really an option.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018This hits the wrong people. Rich second home owners who can afford to let them sit empty will carry on\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Jeremy Hunt\u2019s abolition of tax relief for holiday lettings will do nothing to ease the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-143270","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-BgO","jetpack-related-posts":[{"id":95633,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bachcare-says-there-is-legal-basis-to-challenge-auckland-council-bed-tax-on-holiday-homes\/","url_meta":{"origin":143270,"position":0},"title":"Bachcare says there is legal basis to challenge Auckland Council 'bed tax' on holiday homes","date":"August 8, 2018","format":false,"excerpt":"\r Holiday home company Bachcare has advice that there is a legal basis forchallenging the Auckland Council's decision to hit holiday homes with business and targeted rates.Holiday homes are facing rates hikes of between 200 per cent...\r \r Source : nzherald.co.nz\/Property\r Read more...Bachcare says there is legal basis to challenge\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-growth-soars-as-buyers-race-to-beat-end-of-tax-holiday\/","url_meta":{"origin":143270,"position":1},"title":"UK house price growth soars as buyers race to beat end of tax holiday","date":"June 29, 2021","format":false,"excerpt":"\r Low interest rates and pandemic further fuel demand with Nationwide index rising at fastest pace in 17 years\r \r Source : ft.com\r Read more...UK house price growth soars as buyers race to beat end of tax holiday","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143010,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/holiday-home-owners-in-the-uk-are-you-planning-to-sell-up-or-switch-to-long-term-letting\/","url_meta":{"origin":143270,"position":2},"title":"Holiday home owners in the UK: are you planning to sell up or switch to long-term letting?","date":"March 13, 2024","format":false,"excerpt":"\r We\u2019re interested to hear from British owners of furnished holiday lettings about their plans amid higher interest rates and the loss of tax reliefThousands of UK owners of holiday homes will lose a major tax break as a result of changes announced by chancellor Jeremy Hunt in the spring\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71655,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-government-tax-plan-no-worry-for-property-buyers-in-upscale-hamptons-area\/","url_meta":{"origin":143270,"position":3},"title":"US government tax plan no worry for property buyers in upscale Hamptons area","date":"November 13, 2017","format":false,"excerpt":"\r Out in the Hamptons, the US beach resort on Long Island favoured by Wall Street\u2019s denizens, brokers and buyers already have a workaround for a tax-plan provision under consideration in Congress that would take away mortgage-interest deductions for second homes. A client of Brown Harris Stevens broker Jessica von\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116081,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-property-groups-plead-for-extended-business-rates-holiday\/","url_meta":{"origin":143270,"position":4},"title":"UK property groups plead for extended business rates holiday","date":"May 5, 2020","format":false,"excerpt":"\r Office providers warn chancellor that companies will go bankrupt without relief\r \r Source : ft.com\r Read more...UK property groups plead for extended business rates holiday","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foodstuffs-north-island-ceo-chris-quin-on-growth-the-economy-election-and-waiheke-holiday\/","url_meta":{"origin":143270,"position":5},"title":"Foodstuffs (North Island) CEO Chris Quin on growth, the economy, election and Waiheke holiday","date":"January 9, 2026","format":false,"excerpt":"\r 'A stronger economy unlocks the health and education system we all want.'\r \r Source : nzherald.co.nz\/Property\r Read more...Foodstuffs (North Island) CEO Chris Quin on growth, the economy, election and Waiheke holiday","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143270"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=143270"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143270\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}