Holiday lets are valued for Business Rates if:
- In the last 12 months the property has been available to let commercially for short periods of at least 140 nights; and
- The property will be available to let commercially for short periods of at least 140 nights in the next 12 months; and
- In the last 12 months the property has actually been let commercially as self-catering accommodation for short periods of 70 nights or more
Holiday lets will initially need to be charged Council Tax for at least 140 days. The property can only be assessed for Business Rates once all of the above criteria are met.
The Valuation Office Agency will decide whether your holiday let should be listed for Business Rates or Council Tax. This decision is not made by Southampton City Council.
If you meet the above criteria you can ask the Valuation Office Agency to move your holiday let from Council Tax to Business Rates.