The government of Jersey has recently announced a new policy that will impose double council tax on holiday homes rented out for less than 70 days. This policy is intended to help protect the local housing market and ensure that holiday homes are not being used as a way to avoid paying full council tax.
Under the new policy, any holiday home rented out for less than 70 days will be subject to double council tax. This means that owners of holiday homes will have to pay twice the amount of council tax that they would normally pay for a residential property. The policy is intended to discourage owners from using their holiday homes as a way to avoid paying full council tax.
The policy has been met with mixed reactions from local residents and businesses. Some feel that it is unfair to punish those who own holiday homes, while others feel that it is necessary to protect the local housing market. The government has stated that the policy is intended to ensure that holiday homes are not being used as a way to avoid paying full council tax, and that it is not intended to punish those who own holiday homes.
The policy is set to come into effect in April 2021, and it is expected to have a significant impact on the local housing market. It is likely that some owners of holiday homes may choose to sell their properties rather than pay double council tax. This could lead to an increase in the number of properties available for rent or purchase in the local area.
Overall, the new policy is intended to help protect the local housing market and ensure that holiday homes are not being used as a way to avoid paying full council tax. It remains to be seen how effective the policy will be in achieving its goals, but it is clear that it will have a significant impact on the local housing market.