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CIH calls for "Tourism Tax" to curb home sharing economy

Controversially, the Chartered Institute of Housing has called for a tourist tax as part of the proposed regulation of Airbnb-style short-term lets of residential premises.

Whilst the UK hospitality industry has been calling for some time for stricter controls (and enforcement of the existing rules) on the "home sharing economy", a tourism tax would have a wider impact on the regulated sector and is unlikely to be welcomed by the hospitality industry as a whole. 

Airbnb has recently taken steps to move closer to a management model recently by taking a stake in Indian operator OYO.

The Chartered Institute of Housing has called for regulation of Airbnb-style short-term lets to protect the private rented sector and longer-term rental residents. It recommended a “modest tourism tax”, caps in the planning system and better data for local authorities to keep track of short-term let growth.

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tourism tax, airbnb, tax, hotels, real estate investment