.png)
.png)
28 April 2009
Income to be treated any from any other let property
To get actionable insight and practical guidance to support you day-to-day on 'Furnished holiday lets' click here.
---
On the pretext that they may not comply with EU law because they apply only to UK holiday property the Government has decided to repeal the rules relating to furnished holiday lettings with effect from April 2010.
From 2010-11 income from furnished holiday letting will be treated as any other let property.
Under the current furnished holiday letting rules owners of UK holiday properties are treated as though their qualifying FHL business is a trade for the following purposes:
- loss relief;
- capital allowances;
- landlords energy saving allowance;
- certain capital gains reliefs; and
- relevant earnings when calculating the...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
