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Furnished Holiday Let Taxation
Claim your entitlement...
As a holiday home owner, you may be entitled to thousands of pounds in UK tax relief if your holiday home is situated in the UK or Europe, and it meets the conditions to be regarded as a Furnished Holiday Let (FHL).
The main qualifying conditions are :
- Available for holiday letting on a commercial basis for 140 days or more during the year
- Actually let commercially as holiday accommodation for 70 days or more during the year, and
- Individual lets do not exceed 31 days in the year.
Many property owners automatically assume that their accountant or tax adviser will have already claimed any tax relief to which they are entitled.
However this aspect of tax legislation is far from simple, and quite often not all of the tax relief to which the owner is entitled is actually claimed.
This can often equate to between 10% and 30% of the original purchase price of the property.
Property Tax Advisers are professionally qualified tax advisers and experts in this aspect of tax legislation. Their website (www.propertytaxadvisers.co.uk) provides far more information about this, and they will be happy
to discuss this with you in more detail.
Should you decide to seek further advice from Property Tax Advisers please mention that you found them via 2-Let, and ask them for your 2-Let discount code. This offer code will entitle anyone enquiring with Property Tax Advisers to a 50% discount on an advert with 2-Let, or for anyone
who engages Property Tax Advisers the code will entitle them to 2 years of totally free advertising with 2-Let.
Please note : 2-Let staff are unable to provide you with Tax advice, and the above is for general information only. To the best of our knowledge this information was correct at the time of publishing, but you should contact a qualified tax adviser for current guidance in relation to your own property.
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