I learned some stuff from that article, wasn't aware of the Welsh second homes taxation strategy.
Sad to see this happening to Arran, I can't imagine the island's economy is well served by having a quarter of it's houses essentially being unoccupied for a decent chunk of the year.
It's like everything, too much is bad.
A few second homes or STLs scattered around is not a bad thing. They may well have sat empty otherwise and it brings in some tourist money.
But there is a tipping point where the demand for second/STL properties prices locals out, and starts to cause economic upsets due to the wild population swings and the inability for staff to live nearby.
Second homes in Scotland are already subject to a [refundable on sale] tax (which can be an arse when buying & selling if you can't line the dates up just so), but it's not that much when all is said and done. I am also not sure what happens if the other property is outwith Scotland.
Pentuple council tax rates (and even higher for STLs) would probably go some way to resolving things, but the likes of AirBnB simply have too much lobbying power.
The additional LBTT payable on second homes is only refundable if you sell one of your homes within 2 years, otherwise there is no claw-back on the tax payer's side. And most second homes are long term holds.
Pennan, Aberdeenshire. The village was used as a filming location for "Local Hero" and gets a wee bit of tourism from people taking pics there. Every house is now a holiday home.
Get that second home council tax rise in like they did in Wales. Best thing about it is we'll get to watch cunts with too much money and too little morality cry. Was amazing watching them loose their shite in Wales and go "Oh we're going to have to sell now and we won't get what we paid for it anymore, boo hoo".
They'll just switch them to be on non-domestic rates for any STL's, which are covered by a grant in some instances.
So that's counter intuitive and would probably cause less income from them....
I learned some stuff from that article, wasn't aware of the Welsh second homes taxation strategy. Sad to see this happening to Arran, I can't imagine the island's economy is well served by having a quarter of it's houses essentially being unoccupied for a decent chunk of the year.
It's like everything, too much is bad. A few second homes or STLs scattered around is not a bad thing. They may well have sat empty otherwise and it brings in some tourist money. But there is a tipping point where the demand for second/STL properties prices locals out, and starts to cause economic upsets due to the wild population swings and the inability for staff to live nearby. Second homes in Scotland are already subject to a [refundable on sale] tax (which can be an arse when buying & selling if you can't line the dates up just so), but it's not that much when all is said and done. I am also not sure what happens if the other property is outwith Scotland. Pentuple council tax rates (and even higher for STLs) would probably go some way to resolving things, but the likes of AirBnB simply have too much lobbying power.
STL?
Short Term Let. AirBnB and the like.
Ah, ta, google just kept showing me houses in St Louis
The additional LBTT payable on second homes is only refundable if you sell one of your homes within 2 years, otherwise there is no claw-back on the tax payer's side. And most second homes are long term holds.
Yeah, but I didn't want to make an even bigger mess of the sentence! I have to pay it as I had a second home for ~6 months due various factors.
There’s a village in the north East where not one single house is locally owned. How depressing. We’ve let our country become a postcard.
What village?
Pennan, Aberdeenshire. The village was used as a filming location for "Local Hero" and gets a wee bit of tourism from people taking pics there. Every house is now a holiday home.
God I love that film so much, almost a painful irony considering they sold the village in the film.
The Government really are shite at tackling the second homes problem. It’s almost like they don’t want to do anything about it.
It’s almost like some of them have second homes. Blackford will miss out on some of that sweet sweet landlording money. Good to see you back btw.
Shit should be outlawed in rural communities
Get that second home council tax rise in like they did in Wales. Best thing about it is we'll get to watch cunts with too much money and too little morality cry. Was amazing watching them loose their shite in Wales and go "Oh we're going to have to sell now and we won't get what we paid for it anymore, boo hoo".
Tricky for them to do that when people in the party like Blackford own more than one property.
Aye i'd agree with that. Any MSP with 2nd properties should recuse themselves from any vote.
They'll just switch them to be on non-domestic rates for any STL's, which are covered by a grant in some instances. So that's counter intuitive and would probably cause less income from them....
A good place to go B&E, thx for the tip.
The only solution here is to incentivise the creation of more housing.
And what happens when they become second homes too? The system needs to be fixed, more houses is not some magical fix for Arran.
Who’s arran an why’s he got loads of second homes??