Tax Benefits
FHL Tax benefits
There are a number of tax benefits in owning a furnished holiday let (FHL). Holiday lettings are generally taxed under the property income rules. The Furnished. Holiday Lettings (FHL) rules allow holiday lettings of UK properties that meet certain conditions to be treated as a trade for some specific tax purposes. It is always advisable to take advice from your accountant or financial advisor, who has a full understanding of your personal circumstances.
Please see the HMRC Guidlines PDF for further information CLICK HERE
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British Holiday & Home Parks Association Member