Tax changes need a re-think

In this year’s budget the Chancellor introduced changes to tax rules which could have unintended consequences for providers of holiday lets, especially in rural and seaside areas.

Holiday Cottages in Earby is one of our largest employers in Pendle and I am backing their campaign for a re-think on the changes. I am in touch with the Chancellor and supporting a Commons motion calling for a full consultation with businesses concerned.

There is a fear that many holiday property owners will sell their properties before April 2010, which could mean fewer visitors to the countryside in places like Pendle. This would then have a knock-on effect on the rural economy.