Last tax year you started letting a property as a holiday let. The trouble is that to qualify for the special tax breaks it must be let for 105 days in the tax year and you didn’t reach this figure.
Is there a way around this rule?
Published 05.09.2019
A managing agent has approached you with a view to letting your property on a number of very short-term lets. He says that this could bring your tax rate down to 10%. Is he right, and if so how does
it work?
Published 27.01.2005
If you let residential accommodation and meet other conditions you can claim capital allowances (CAs) for the cost of furniture etc. But, if temporarily the conditions aren’t met, some CAs can be
permanently lost. How can you avoid this?
Published 07.04.2022
You own and let furnished holiday accommodation all year round but 2020 was a disaster because of coronavirus-related cancellations. This could mean losing the furnished holiday let status of the
property. Can you prevent this?
Published 24.02.2021
If you let out a property as a holiday home and meet the right conditions, you can claim capital allowances as a deduction against the rent you receive. But where do you stand if you meet the
conditions only some of the time?
Published 13.11.2014
There’s more than one rule which determines the type of tax relief you can claim for capital expenditure in a property rental business. Different rules can apply from year to year. Which can you
claim and how can you ensure maximum relief?
Published 07.01.2020
You’re selling a property that until two years ago was let as holiday accommodation. Since then you, your family and friends have used it for the occasional weekend. Does the special lower rate of
capital gains tax still apply to the gain you make?
Published 21.12.2022
This summer will be your first stab at the Airbnb market. You’ve read a lot about the various alternatives for tax deductions and allowances you can claim, but which are open to you and which can
save you the most tax?
Published 26.06.2019
Around two years ago the Taxman announced that the tax break for holiday rental businesses was to be scrapped. But in the end it’s just been watered down. What might the changes mean for you?
Published 22.12.2010
A taxpayer has defied the odds and successfully argued at the tax tribunal that a furnished holiday letting business qualifies for inheritance tax relief. Does the decision mean your own letting
business is more likely to qualify?
Published 16.10.2018