Tag: Holiday Let Advice
Understanding the Latest Budget Update for Furnished Holiday Let Owners
The recent budget update has introduced significant changes that will impact owners of Furnished Holiday Lets (FHLs). Here’s a breakdown of the key points: Changes in Interest Deduction Currently, interest incurred on loans for the purpose of a FHL business is treated as a deduction from rental income when calculating taxable profits. However, from 6…
How to Transform Your Property into a Holiday Let in the UK
Are you looking for a way to generate extra income from your property? Do you have a second home, or a holiday cottage, that you want to share with guests? If so, you might be interested in turning your property into a holiday let. A holiday let is a property that is rented out on…
Understanding Fire Safety Regulations for Holiday Lets
When running a holiday let, it’s easy to focus on earnings, but the safety of your guests should always be the top priority. As of October 2023, there are new fire safety regulations which affect short-term rentals in an effort to protect both guests and property owners. These are part of the Section 156 of…
Trust Is Paramount: What To Ask A Holiday Let Agency
We fully understand that making the decision to move over to a property management business for your short-let or holiday rental can be a bit nerve-wracking! You may be nervous due to previous experiences with agencies, additional costs and the most obvious question – will they take care of your beloved property? These are all…