5. Self-catering and holiday let accommodation
The rules for assessing holiday lets for business rates change on 1 April 2023. Government guidance is available in the business rates section of its website.
Up to 31 March 2023
If your property is in England and available to let for 140 days or more a year, it will be rated as a self-catering property and valued for business rates.
The Valuation Office Agency (VOA) then applies a price per bed space on each property, based on its type, size and location, to produce its rateable value. Single bed space is the term used to describe how many people can sleep in the property.
You can view and update the information held at gov.uk/voa/valuation.
Contact the VOA at gov.uk/contact-voa if:
- they are using the wrong number of single bed spaces to value your property
- your property has changed and can now sleep a different number of guests
If you are unable to use the online service you can also contact the VOA on 03000 501 501.
Rules from 1 April 2023
If your property is in England, it will be rated as a self-catering property and valued for business rates if it’s both:
- available to let for (on a commercial basis) short periods for at least 140 days in total over the current and previous tax years
- actually let for (on a commercial basis) at least 70 days in the last 12 months
The Valuation Office Agency (VOA) will work out the rateable value of your property based on its type, size, location, quality and how much income you're likely to make from letting it.
To tell the VOA of a change to your property or, if you disagree with the valuation, please complete the online form of return or telephone 03000 501 501.
Government guidance is available in the business rates section of their website.