Second Home Owners in UK Register as Small Businesses to get Government Millions

TIM FARRON MP for Westmorland and Lonsdale has written to Rishi Sunak, Chancellor of the Exchequer complaining that there is a loophole which is allowing second home owners to claim millions of pounds from the fund intended for struggling small, local businesses.

By stating that their properties are available to let, they become recognised as small businesses, have reductions in council tax and also can obtain up to £10,000 (€11,500) in small business grants.

The Liberal Democrat estimates that at least 1,500 owners in the Lake District have earned up to £15 (€17) million from this.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing, by calling +34 951 38 61 61 or by messaging our Facebook page