Interesting News

Furnished holiday lets

The advantageous tax regime is only likely to apply from 6 April 2011 if the property in the EEA is available to let for at least 210 days (30 weeks) in the tax year and is actually let for at least 105 days (15 weeks). The latter requirement may well be fine for a property in France, Spain or Portugal, but you could struggle to let a property in the UK for that number of weeks given the vagaries of our climate.

We will be pleased to discuss this with you, and in doing so we will be mindful of the possibility that even if your lettings pattern falls short of the likely new rules, we may be able to argue that given the level and extent of the services you provide to the holidaymakers, the lettings are a trade in the normal meaning of that magical word. Then, the advantageous tax regime will still apply whatever the number of days that the property is let.

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