Pro-Taxman

Holiday Lettings

Renovating the holiday let during lockdown

The Covid-19 pandemic has hit the hospitality and leisure industry hard. Landlords with furnished holiday lettings have been unable to let their properties for considerable periods of time as a result of national and local lockdowns. Properties need regular maintenance and refurbishment, and while being in lockdown is not ideal, it does provide a window …

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Lockdown 2.0 – Can your holiday let still count as a FHL?

Hard on the heels of a series of local lockdowns, England entered into a second national lockdown from 5 November 2020 to 2 December 2020. Separate restrictions applied to Scotland, Wales and Northern Ireland. The restrictions dealt a further blow to the hospitality and leisure industry and landlords letting holiday cottages were once again faced …

Lockdown 2.0 – Can your holiday let still count as a FHL? Read More »

In this blog we set out the three conditions property must meet to be considered a furnished holiday let and to access all the advantages they bring, and top tip – letting to family or friends at a reduced rate doesn’t count! 

Many Airbnb lets are used as holiday accommodation. From a tax perspective, furnished holiday lettings enjoy some tax advantages over other lets. So, is it possible for an Airbnb let to benefit from these advantages and what conditions must be met? Qualifying conditions Simply letting a property as furnished holiday accommodation is not in itself …

In this blog we set out the three conditions property must meet to be considered a furnished holiday let and to access all the advantages they bring, and top tip – letting to family or friends at a reduced rate doesn’t count!  Read More »

Would you rent out a property as a long-term rental or holiday let?

Where a property is located in a holiday region, a consideration will be whether to let it as a holiday let or on a longer-term basis. As well as differing rental income profiles, there are tax differences to consider. Furnished holiday lets From a tax perspective, special rules apply to furnished holiday lets, which provide …

Would you rent out a property as a long-term rental or holiday let? Read More »