Ten tax aspects of furnished holiday let properties
Furnished holiday let (FHL) property income is treated differently from longer term residential lettings. We set out the top 10 tax areas any FHL owner needs to know.
1. Counting the days – There are minimum letting requirements to meet the FHL criteria. Firstly, a property has to be available to the public for at least 210 days and it actually needs to be let as commercial holiday accommodation for 105 days. Days are usually counted over a tax year apart from in the first and last year of trade.
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