Furnished Holiday Lettings: A Tax Guide 4th Edition

Special tax rules apply for furnished holiday properties. This book, written primarily for professional advisers, brings together all those rules. The text explains the criteria that must be met for the special legislation to apply, and gives full details of the tax benefits of gaining that status, from acquisition to disposal, and including the inheritance tax provisions as they apply to such properties. It also includes guidance for overseas properties and non-resident owners.

The book for anyone needing to understand the tax rules for holiday letting properties, written by an acknowledged expert in the field. One of our best-selling titles, as it is popular both with property owners and their professional advisers, this book covers the whole range of tax issues that need to be considered by those concerned with holiday accommodation.

For accountants, the book offers a comprehensive guide to the specialist rules, fully cross referenced to legislation and case law, as well as to HMRC guidance. Owners benefit by avoiding costly errors and, where appropriate, by being better prepared for meetings with their professional advisers (and by saving costs accordingly).

The fourth edition has been considerably expanded (see details below). Following a helpful introductory chapter, the book provides a practical commentary based soundly on the legislation and case law.

New material for this fourth edition includes:

• Capital gains tax changes including new business asset disposal relief, main residence relief reductions and accelerated payment of tax
• Latest tax cases on business property relief – Graham and Vigne
• Non-residents – NRCGT, SDLT surcharge for overseas purchasers and Brexit
• Capital allowances changes – structures and buildings allowances and writing-down allowance reductions
• Update on trading status position following anti-avoidance cases and Covid-19 government intervention measures, and
• VAT developments and small business rates relief changes as well as Covid-19 measures