2023 business rates revaluation

Changes that affect self-catering holiday properties

There will be important changes to how self-catering holiday properties are assessed for non-domestic rates from 1 April 2023.

Under current regulations a property must be made available for short-term holiday bookings for a minimum of 140 days a year. There is no minimum requirement for actual bookings.

From 1 April 2023 the eligibility criteria will be:

  • The property must be let commercially (with a view to making a profit) for short periods.
  • These short periods must total 140 days or more in the previous and current years.
  • The property must have been let commercially for 70 days or more in the previous 12 months.

The Valuation Office Agency will be contacting businesses to let them know about the new eligibility rules. After 1 April 2023 they will contact owners by writing to their billing address to confirm their eligibility.

These changes will apply for all holiday lets, both new and pre-existing.

New holiday lets will be liable for council tax until the property meets the eligibility rules.

For full details please visit changes to self-catering properties from April 2023.