Tag: Furnished Holiday Lets
Capital Allowances and Furnished Holiday Lettings (‘FHL’s’)
Do you own Furnished Holiday Lettings?… DON’T MISS OUT! In their Spring Budget, the conservative government announced plans to abolish the FHL’s tax regime from April 2025. However, there is still time for FHL owners to prepare and submit capital allowances (‘CA’) claims to reduce their tax liabilities on current and historic qualifying expenditure. If…
Update from Spring Budget 2024 Furnished Holiday Lets (FHL)
Following the recent Spring Budget announcements, the government has declared its intention to end the furnished holiday lettings (FHL) tax framework. This move aims to discontinue existing tax privileges for landlords operating short-term furnished holiday properties, favouring longer-term residential property rentals. Among the current tax advantages, not limited to FHL proprietors, are deductions for interest…
