Jen Boyle, a 64-year-old widow from Falkirk, owns and runs two small holiday lets on the Scottish island of Cumbrae, home to about 1,300 people. In the last tax year, the properties generated £15,000 in turnover, though Boyle’s personal profit was only around £5,000 after expenses.
“I pay for heating, water rates, internet, new bedding, occasional repairs and for using the local launderette; I employ local cleaners, gardeners, a local guy who takes out my bins,” she says. “I only charge £420 a week in the high season. People who come to the island tend to be from the Glasgow area and generally don’t have a lot of money, so increasing my rates is not really an option.”
