If your holiday property or second home is available to let for 140 days and is actually let for 70 days per year then the property should be registered for Non-Domestic Rates also known as ‘Business Rates’.
Contact your local council to apply for small business rate relief.
You’ll get 100% relief (doubled from the usual rate of 50%) until 31 March 2016 for properties with a rateable value of £6,000 or less. This means you won’t pay business rates on properties with a rateable value of £6,000 or less.
The rate of relief will gradually decrease from 100% to 0% for properties with a rateable value between £6,001 and £12,000, so it’s worth doing this sooner rather than later.