Stamp duty land tax and furnished holiday lets

Despite the lifting of many Covid-related travel restrictions many Brits have discovered or rekindled a love of staycationing during the pandemic and this trend is expected to continue especially as international travel chaos continued over the summer months and in light of the squeeze on budgets as a result of the cost of living crisis.

With industry experts predicting strong growth in the UK leisure and tourism sector investing in holiday property could be an attractive option despite the end of the pandemic-related reduced stamp duty land tax rates for residential property.

Many readers will be familiar with the tax advantages of operating a furnished holiday let (FHL) business but perhaps lesser known are the stamp duty land tax (SDLT) savings that can be achieved when investing in residential property by ensuring that the correct rates and reliefs are applied.

With over ten bases...