Westminster wants to tax short let tenants

Westminster wants to tax short let tenants


Todays other news


Westminster’s Labour controlled council is stepping up its war on Airbnbs and other short lets.

It was a mandatory registration system for short-term rentals, would like powers to impose its own overnight levy on users, and make AirBnb landlords pay higher council tax.

In a speech in London the council’s leader, Adam Hug, describes the proliferation of short lets as an ‘enforcement nightmare’.

And he points out that in one block of flats close to The Ritz on Piccadilly the rooms let by individual owners via short let platforms rival the number of rooms let by the hotel itself. And he says the flat complex contributes “a mere” £92,000 in council tax in contrast to the £2.27m paid by the Ritz.

Hug adds that: “As we continue to face tens of millions in cuts over the next few years, the time has come to consider whether London’s local authorities might be able to decide for themselves if they want to charge a small levy, on short lets as well as hotels, as can be found in cities around the world.”

The authority has suggested that the potential tax could either be a fixed amount or a percentage, significant enough to make a difference but not deter demand.

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
Loss-making agency takes the self-employed broker route...
Renters Rights Bill is big opportunity for agents, claims industry...
Have you say on short lets and second homes in...
The Guild of Property Professionals has entered into a partnership...
A new Renters' Rights Bill is to be introduced into...
New figures published by HMRC show a 7% rise in...
A lettings agency chief says there’s growing discussion about rent...
Recommended for you
Latest Features
PropTech provider Reapit will announce the latest enhancement to its...
Sponsored Content
PropTech provider Reapit will announce the latest enhancement to its...
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
1
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here