At Kitty House

The abolishment of the furnished holiday let (FHL) tax regime, announced in the Spring budget 2024, will undoubtedly have several significant implications for property owners, the tourism industry, and the broader economy. Increased Tax Liabilities and Decreased Profitability. Property owners who have relied on the FHL tax regime to make their investments viable will face increased tax liabilities. Without the tax benefits previously afforded to FHLs, such as capital allowances and reduced rates on rental income, profitability will decline. This could result in a number of owners exiting the market, converting their properties to long-term rentals and the increase in the prices of accommodation. With property owners potentially reducing the number of holiday lets, there could be a significant reduction in available accommodation for holidaymakers. Economic Ripple Effects Fewer available holiday lets and higher prices could lead to a reduction in tourist numbers. Tourism is an important sector in the lake district, supporting a wide range of businesses from restaurants and shops to attractions and transport services. A downturn in tourism could therefore have broader economic repercussions, leading to reduced income and potentially job losses in these sectors. Labour’s Criticism Interestingly, while the legislation represents a major shift, it has already been criticized by the Labour party for not going far enough. This suggests there could be future discussions and potential additional reforms related to the taxation of holiday lets and broader property tax policies. The Future Property owners, tourism businesses, and local economies will all be affected, and the landscape of holiday accommodation in the UK may look very different in the near future. We will keep you updated as more details emerge and as the effects of this policy change become clearer. This announcement serves as an early warning: the industry is likely to experience significant shifts soon. S

Spent the day mowing the grass and getting rid of the weeds here At Kitty House. The garden is all tidy again #HolidayCottage #GardenLife #BookNow #relaxingretreat #couplesgetaway #lakedistrictaccommodation

I absolutely love Eucalyptus and was so happy when my sister surprised me with this 🥰 #eucalyptus #beginnergardener #selfcateringaccommodation #springtime

One of our top priorities when redecorating the cottages was all about a good nights sleep! We spent lots of time researching the mattresses, bedding etc and think we might have cracked it. We have had such good feedback so far and even people who normally don’t sleep very well are sleeping all night. Check out our availability on our website, link in bio. #atkittyhouse #goodnightsleep #selfcateringaccommodation

The Fold has been decorated and back open. We hope you like the changes. #Lakedistrictholiday #atkittyhouse #holiday #selfcateringaccommodation #interiordesign #simpleinteriors #frenchicpaint

It was such a beautiful morning and we got lots of outdoor jobs done! It’s now raining again but hoping for another fine day tomorrow #lakedistrictholidaycottage #lakedistrict #Holidays #couplesretreat #beautifulmorning #birdsong

It’s starting to feel like spring. The birds are so vocal today 😍😍😍 #lake district #holiday2024 #birdsong #visitthelakes #selfcateringaccommodation #feelslikespring

Tested out the new Vesta Stoves Home of the Fiesta Garden Stove garden stove last night! It’s a big hit from us! Who would like to wrap up and enjoy the views and then the stars all while keeping warm infront of a fab stove?? If you fancy some amazing wine to go with it we’d recommend Xaviers Penrith #gardenstoves #outdoorliving #lakedistrictholiday #atkittyhouse

The second lot of blackcurrants picked today. Now just what to do with them all! A whole load of crumbles and pies or do I attempt jam 🤔!! #atkittyhouse #holidaycottage #blackcurrants #thelakedistrict

It’s been a wet weekend with us but we still had fun! Penrith Show on Saturday and playing some tennis in between the showers today! Lots more country shows still to come this year #atkittyhouse #penrithshow #countryshow #cumbria #holidaycottage #lakedistrictholiday #getaway