Holiday let taxation

CIS

Ozzuk wrote: »

Just a thought...if you are part of the purchase then as you have a property already then you could be liable for higher stamp duty. Worth checking.

You could also need a commercial mortgage (whichi is usually much more expensive), I know I did when I bought holiday lets but the fact yours is part residential complicates it. Oh and business rates will likely be chargeable on the annex (or 2nd council tax if it isn't used for business but has a kitchen/bedroom).

Very true - It needs to be checked that it isn't bandable for council tax by itself (or classed as a business premises).

Craig