Furnished Holiday Lettings

Does your holiday home qualify as a Furnished Holiday Let (FHL) property? And if it does, what are the tax advantages? Does your property qualify? From April 2012 the following conditions apply: The property must be situated in the UK or EEA. The property must be...

Furnished Holiday Lettings

HMRC are presently consulting with interested parties with the intention of changing the rules for the tax treatment of FHL property from April 2011. We thought readers would be interested in the specific proposals being discussed: 1.Currently, a property must be...