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string(3) "tax"
Tax
Furnished Holiday Accommodation enjoys beneficial tax treatment. Your rental income may be treated differently for tax purposes from other rental income. However, your property must keep to some rules known as ‘qualifying tests'.
To make sure your property counts as holiday letting, it must be:
- In the Uk
- Furnished
- Available for letting to the public for at least 140 days a year
- Actually let as a holiday let for at least 70 days a year as commercial lets - or cheap rates to friends and family.
- Lets must be no longer than 31 days
- The only lets for at least 155 days a year.