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Holiday let taxation
Comments
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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).
CraigI no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.0
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