Wednesday, April 7, 2010
Tax relief on holiday homes to continue
A third measure announced by Chancellor Alistair Darling in March's budget to scrap tax relief on letting holiday homes - raising 25 million pounds in 2011/12 and 15 million pounds in 2012/13 - will also be shelved until after the May 6 election. If Labour hold on to power, the broadband tax and holiday home measure will be reintroduced in a second finance bill and the party will look to extend the cider duty increase. The Conservatives, ahead in opinion polls, say they have alternatives to all three measures.