Thursday, July 29, 2010
A surge of properties coming on market then
George Osborne reversed the measure in the June Budget saying he wanted to help small businesses operating in the tourism industry. However, the Treasury has now said it intends to make it much tougher for home owners to qualify for the breaks. It means more than a quarter of the 65,000 home owners offering holiday lets in Britain will no longer be eligible for the tax benefits from 2011-2012, according to a consultation document published by the Treasury.