Category: Tax Advice
Furnished Holiday Let (FHL) Tax Changes 2025
The UK government is making significant changes to the tax benefits associated with Furnished Holiday Lets (FHLs), which will impact short-term rental owners across the country. If you rent out a holiday home, it’s crucial to understand these changes and how they could affect your rental income and financial planning. What is a Furnished Holiday…
Tax Relief for Furnished Holiday Lets
While it is well-known that ‘capital allowances’ tax relief is available on hotels or bed & breakfasts, self-contained Furnished Holiday Lets (‘FHLs’) also have access to tax relief under the correct conditions. With an estimated capital allowances claim on an FHL in the region of 25% of the purchase expenditure, there could be substantial tax…