Tag: Furnished Holiday Let
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Getting the right mortgage for your holiday let
With the rising popularity of ‘staycations’, purchasing a holiday let property can provide a great income stream – and where better than sunny Sussex?! But getting the right holiday let mortgage requires some key considerations. Firstly, remember that a holiday let mortgage is not the same as a buy-to-let. Lenders will want evidence that the…
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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…