Summary
THE Conservatives expressed concern yesterday that the Treasury did not consult with the Assembly Government or tourism operators in Wales over an end to tax breaks they claim could have a "catastrophic" impact on the industry.
Under budget changes from next year, holiday home owners will lose so-called trading status and will no longer be able to use their properties to defer capital gains tax payments.See the full content of this document
Extract
Tories Slam Tax Change for Tourist Industr Y
It could mean that a person running a holiday lettings business will be paying pounds 4,000...
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