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
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
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
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
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
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
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
April 5 2010 was the end of the road for the preferential tax status of property rented out as a holiday home. But there’s still a chance to virtually cut your Capital Gains Tax bill in half using
the old rules; what is it?
Published 12.04.2010
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
As we’ve come to expect from recent budgets the Devil is in the detail. One such detail omitted from the Chancellor’s Budget speech is the demise of the beneficial tax rules for holiday homes. But
there’s a parting gift for some; what is it?
Published 15.05.2009