Furnished Holiday Letting – Tax Campaign

In the Budget in April this year the government announced its intention to abolish the special tax rules for furnished holiday letting. These rules apply where a property is available for letting for at least 20 weeks in a tax year and is actually let for at least 10 weeks. There are a few other conditions as well and averaging rules for those letting multiple units.

These special tax rules were introduced to ensure that providers of holiday accommodation receive many of the same benefits as other tourism trading businesses such as traditional hotels and guest houses including relief for income tax losses, capital allowances on expenditure and various capital gains tax reliefs.

There is considerable concern over the implications of this proposed tax change and Winter Rule are working with industry and professional bodies to consult with the government on this change. We are also lobbying MPs and seeking to maintain a press profile. We are interested to hear from those concerned about this proposed change and have a dedicated email address for this purpose - taxcampaign@winterrule.co.uk. We are sending out various information and updates to those who wish to receive it. Our aim is to be able to send updates to clients and contacts on announcements and any tax planning opportunities.

22nd January - Article in TAXline

11th December - Western Morning News Opinion Article

9th December - PBR Technical Note

9th December - PBR Impact Assessment

27th July - Holiday let tax changes threaten investment, says industry survey

23rd June - Holiday let campaign hits the road

21st May - Taxation Magazine Article by John Endacott

29th April - Campaign Launched to Fight Rural Tax Bombshell