10:02 AM, 11th August 2022, About A year ago 11
Hello, We have a holiday let and as the cost of living climbs… are considering putting our 5-bed holiday house in Norfolk, that we live next-door to, on a short term let over the winter months. Our questions are:
We understand anything more than 30 days risks losing our holiday let status with the council (and thus our tax exempt status). If we were to ask the tenants to pay rates for say, 4 months on a short-term let, then re-start the holiday lets, are councils open to this type of arrangement eg: is it easy to get council tax exempt again?)
Imagine we’d have to also stop offsetting our mortgage interest against tax for this period…?
Insurance – I am across the implications of this (and notifying the mortgage company).
We have only ever offered holiday lets via Airbnb and long-term lets. Are there any short-term let pitfalls eg: possible problems getting tenants out of the property after 4 months if they refuse to leave? Is it best to have a six-month arrangement (say from Oct-March?)
Hoping to offer it fully furnished but all bills/their costs covered by the tenants. May suit a family building a house or relocating…? Would love your guidance and thoughts, all welcome!
PS The only reason we are considering this is a/ reducing the holiday let turn around work and b/ principally because with energy costs are skyrocketing we think renting as a holiday let will be costly and hardly worth it.
Thank you again.
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