{"id":436597,"date":"2023-04-05T13:20:20","date_gmt":"2023-04-05T12:20:20","guid":{"rendered":"https:\/\/tppuk.com\/?p=436597"},"modified":"2023-04-05T13:20:21","modified_gmt":"2023-04-05T12:20:21","slug":"latest-news-from-industry-press-new-powers-confirmed-over-holiday-lets-and-second-homes","status":"publish","type":"post","link":"https:\/\/tppuk.com\/cy\/lettings\/latest-news-from-industry-press-new-powers-confirmed-over-holiday-lets-and-second-homes\/","title":{"rendered":"Latest News From Industry Press: New Powers Confirmed over Holiday Lets and Second Homes"},"content":{"rendered":"<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/tppuk.com\/wp-content\/uploads\/Latest-News-From-Industry-Press_-New-Powers-Confirmed-over-Holiday-Lets-and-Second-Homes.jpg\" alt=\"Latest News From Industry Press: New Powers Confirmed over Holiday Lets and Second Homes\" class=\"wp-image-436665\" srcset=\"https:\/\/tppuk.com\/wp-content\/uploads\/Latest-News-From-Industry-Press_-New-Powers-Confirmed-over-Holiday-Lets-and-Second-Homes.jpg 1024w, https:\/\/tppuk.com\/wp-content\/uploads\/Latest-News-From-Industry-Press_-New-Powers-Confirmed-over-Holiday-Lets-and-Second-Homes-768x384.jpg 768w, https:\/\/tppuk.com\/wp-content\/uploads\/Latest-News-From-Industry-Press_-New-Powers-Confirmed-over-Holiday-Lets-and-Second-Homes-18x9.jpg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>New powers have been revealed to tackle what the Welsh Government calls the \u2018problem\u2019 of second homes.<\/p>\n\n\n\n<p>A statement from the Senedd says:<\/p>\n\n\n\n<p><em>\u201cThe rules have become operational following national and local consultations, meaning that local authorities are now able to put their strengthened levers into practical effect. Measures are part of efforts to ensure everyone has the chance to live in their local community and to improve the availability and affordability of housing to rent and to buy for those on local incomes.\u201d<\/em><\/p>\n\n\n\n<p>Local authorities are now able to set and collect council tax premiums on second homes and long-term empty properties at up to 300 per cent \u2013 up from 100 per cent \u2013 with councils able to decide levels based on their local needs.<\/p>\n\n\n\n<p>Five local councils in Wales have already increased the premium charged for second homes in 2023-24, with another seven set to introduce one from April 2024.<\/p>\n\n\n\n<p>The criteria for holiday lets being liable for non-domestic rates instead of council tax have also been strengthened, with the government saying this has \u201dthe intention of providing a clearer demonstration that properties are being let regularly as part of genuine holiday accommodation businesses making a substantial contribution to the local economy.\u201d<\/p>\n\n\n\n<p>Rebecca Evans, minister for finance and local government, says:<\/p>\n\n\n\n<p><em>\u201cThe changes to the local tax system form one strand of a wider package of measures being introduced \u2013 encompassing the planning, property and taxation systems \u2013 to address the impact of second homes and unaffordable housing affecting many communities in Wales. Ultimately, these changes are about fairness. We want to ensure councils have the powers available to them to strike the right balance in local housing supply.\u201d<\/em><\/p>\n\n\n\n<p>New planning use classes and the ability of local authorities to make local amendments to the planning system, where they have evidence, are now in force.<br><br>The Welsh Government\u2019s commitment to enable increased land transaction tax to be raised on second homes and short term holiday let purchases is also being taken forward, as well as specific action to protect Welsh speaking communities including a voluntary \u2018fair chance scheme\u2019 giving sellers the option to only market properties locally for a fixed period.<\/p>\n\n\n\n<p>Work is also being progressed on a Property and Fair Rents White Paper.<\/p>\n\n\n\n<p><strong>*Article excerpt from Letting Agent Today: 5th April 2023.*<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>New powers have been revealed to tackle what the Welsh Government calls the \u2018problem\u2019 of second homes. A statement from the Senedd<\/p>","protected":false},"author":9,"featured_media":436666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[77],"class_list":["post-436597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lettings","tag-landlords"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest News From Industry Press: New Powers Confirmed over Holiday Lets and Second Homes - Williams &amp; Goodwin<\/title>\n<meta name=\"description\" content=\"The latest industry news reveals new rules and restrictions for holiday lettings in Wales. 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