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
The prospects of you letting your holiday home are looking glum this season. As a result, it might cease to qualify as a furnished holiday let and so lose the corresponding tax advantages. What steps
can you take prevent this?
Published 28.05.2020
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
You want to buy a holiday retreat but haven’t got a fortune to spend. As a low-cost option a friend has suggested a static home in a holiday park which will generate income to offset the cost. She
says another advantage is that you’ll get tax relief on the purchase price. Is she right?
Published 06.07.2022
If you own a residential property with multiple tenants, you might be missing out on tax deductions. Despite a recent tightening of the rules there’s still scope to claim capital allowances (CAs) and
a wear and tear deduction. What’s the full story?
Published 24.02.2012
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
The Spring 2024 Budget was a mixed bag for residential landlords. The Chancellor gave with one hand and took away with the other. As a property owner, what might the changes announced mean for you?
Published 18.03.2024
Landlords of residential properties are now facing tough restrictions on tax relief for borrowing, so there’s all the more reason to maximise other let property tax reliefs. What hidden deductions
might you be missing out on?
Published 26.06.2017
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