CONTINUED OPPOSITION TO ABOLITION OF FURNISHED HOLIDAY LETTING RULES

2.44.33pm GMT Mon 1st Mar 2010

Nick has become a signatory to Early Day Motion 818 lobbying against ending tax relief under the holiday letting rules.

This states: 'That this House notes that the repeal of furnished holiday lettings rules announced in the Budget will have negative and unintended consequences for providers of holiday lettings; believes that the repeal will unfairly affect owners letting properties as their sole source of income or main business; further believes that the repeal will negatively affect the British tourism industry and rural and seaside areas; and calls on the Treasury to review the decision to repeal the furnished holiday lettings rules and consult on a tiered approach.'

Nick adds, "I have been calling on the Treasury to fully assess the impact this move will have on our tourist industry and clarify whether or not this tax concession is illegal under EU law."