Tax break scheme for second homeowners axed

The furnished holiday lettings tax regime is on the verge of being abolished.

Reforms were announced under the previous Conservative Government in Spring 2024 and are now set to take effect. The changes will come into force
firstly for Corporation Tax and for Corporation Tax on chargeable gains from 1 April 2025. And then for Income Tax and for Capital Gains Tax on or
after 6 April 2025.