24. Self-catering accommodation and holiday lets
The rules around assessing holiday let and self-catering accommodation for business rates changed from 1 April 2023.
Rules until 31 March 2023
If your property is in England and available to let for short periods for at least 140 days per year, it will be rated as a self-catering property and valued for business rates.
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 (on a commercial basis) for short periods for at least 140 days in total over the current and previous tax years
- actually let (on a commercial basis) for 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.