To ask the Chancellor of the Exchequer, pursuant to the Answer of 22 April 2024 to Question 21018 on Holiday Accommodation: Taxation, whether his Department has made an assessment of the potential impact of the abolition of the furnished holiday lettings tax regime on business resilience and diversification of farms.

The Government recognises the important role that Furnished Holiday Lets (FHLs), including those located on farms, have in the visitor economy. This measure does not penalise or prohibit the provision of FHLs and brings their tax treatment in line with other rentals.

The Government will publish draft legislation, explanatory notes, and a tax information and impacts note in due course. These will set out how the announced changes will apply in practice.

As with all aspects of the tax system, the Government keeps the taxation of property under review and any decision on future changes will be taken by the Chancellor in the context of the wider public finances.