Furnished Holiday Lettings

We remind you that the taxation rules for Furnished Holiday Letting (FHL) are different from those for income from rental property and there are advantages with FHL.

Since 2012/13 the rules have changed and to qualify as FHL the property must be available for at least 210 days a year and let commercially to the public for at least 105 days. You do not count any days when you let the property to friends or relatives at zero or reduced rates as this is not a commercial let.

There are various rules about longer lets, averaging if you have more than one property and periods of grace if your property reaches the occupancy threshold in some years but not in others.

It is certainly worthwhile keeping a record of days let and trying to ensure that the above criteria is met. For more information contact us.

01271 375271 01237 471881

If you like this article and would like our FREE updates sent straight to your inbox then subscribe to our monthly newsletter.

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.