Compliance and Short Term Rental 2023 Regulations
With the ever changing landscape for short term rentals and Preparing your property to meet safety standards can feel overwhelming. At Curated Spaces, we assist owners by working with our trusted contractors and accredited fire risk assessors to ensure your property complies with the 2023 fire regulations. From conducting fire risk assessments to installing necessary safety equipment like smoke alarms and extinguishers, we take care of the details. Our team ensures everything is properly in place so you can confidently offer a safe and compliant rental experience for your guests.
If you prefer to make the fire safety arrangements yourself, we can also provide you with trusted contacts for contractors and fire risk assessors. Either way, we are here to make the process as straightforward as possible, ensuring your property meets the recent changes in October 2023 and is fully compliant. Whether you need us to manage the arrangements or just need reliable contacts, we’re here to support you in every step of preparing your home for short-term rentals.
Resources
For new and existing short-term let holiday home owners in the UK, it’s essential to stay compliant with the HMRC regulations that came into effect in October 2023. These regulations address tax, property, and safety obligations.
To ensure you meet these requirements, check the following HMRC resources:
Tax Implications: Review HMRC guidance for property income tax, including allowances for furnished holiday lettings.
Health and Safety: Stay updated on fire safety regulations.
Reporting Requirements: Understand your obligations for self-assessment tax.
The government have issued New guidance for owners of small paying guests, this is defined as follows:
‘A single premises of ground floor, or ground and first floor, providing sleeping accommodation for a maximum of 10 persons, with no more than four bedrooms on the first floor…’
OR
‘Individual flats (whether within a purpose-built block of flats or a house that has been converted into flats), other than unusually large flats.’
These resources provide essential guidelines for compliance.
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