What are the tax advantages of furnished holiday lettings?

Furnished holiday lettings offer a number of tax advantages over longer lets. One of the key benefits is the availability of capital gains tax reliefs available to traders, including rollover relief and business asset disposal relief. Business asset rollover relief Business asset rollover relief is a significant benefit of having a furnished holiday let rather …

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How to obtain relief for pre-letting expenses

When starting a new property rental period there will usually be a preparatory phase during which expenses will be incurred. To what extent is relief available for expenses incurred before the property is let? Start of the property rental business A property rental business usually starts when the letting first commences. Once the letting has …

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Don’t Panic Mr. Mainwaring, are you nuts or what? – Stop letting Rishi Sunak’s tax tail wag the planning dog!

Don’t Panic Mr. Mainwaring, are you nuts or what? – Stop letting Rishi Sunak’s tax tail wag the planning dog! By Tony Gimple – 11th September 2020 In a recent post on a well-known social media site catering for the needs of private landlords, one contributor was considering selling a number of their rental properties …

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