From July 1, they will be liable for a 15.5 per cent tax on income from renting their property, and 15.5 per cent on any profits made from selling it.
Maybe it is because I live in a country without a VAT, but these taxes don’t seem extreme. Don’t all tourists pay ridiculously-high taxes on hotel rooms? If so, it is reasonable that the same tax apply to holiday rentals.
The figures I heard were 35.5% on rental income and 34.5 CGT: