VRMA Administrator
Wales is planning to introduce controls to limit the numbers of second homes and holiday lets, as well as a licensing scheme for anyone wanting to list units on booking platforms. Under new regulations which could come into effect as soon as the end of this summer, properties in Wales would be classed in any of three categories: primary home, second home, or short-term holiday accommodation. Any property owner or host wanting to switch from one category to another would be required to gain specific planning permission. It had already been announced that local authorities in Wales will be afforded the power to increase council tax on second homes by 300 percent from 2023, and an increased Land Transaction Tax may also be applied on second homes and holiday let purchases, should plans be approved.
ShortTermRentalz (07/04/22) Paul Stevens
