Budget 2024: Chancellor scraps holiday lets tax perks – is property investing still worth it?

Chancellor Jeremy Hunt unveiled plans to abolish the furnished holiday lettings tax regime in his Spring Budget. We explain what this could mean for the housing market.

suitcase on bed
(Image credit: Getty Images)

Landlords and second homeowners have been dealt a new blow after chancellor Jeremy Hunt scrapped the furnished holiday lettings (FHL) regime in his Spring Budget.

Many property investors had turned to FHL after a clampdown on buy-to-let as it still let landlords claim full mortgage interest relief and benefit from lower capital gains tax, but these perks are set to disappear.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.