The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
Whether or not a property qualifies as a furnished holiday let (FHL) can make an important difference to the taxation implications. In particular, the commercial letting of furnished holiday accommodation can benefit from the FHL regime.
See also Simon’s Taxes Division B6.4 and HMRC Helpsheet HS253.
UK and overseas holiday lettings
The measure was put on a statutory basis by FA 2011, which means that EEA FHLs are subject to the same tax treatment as UK FHLs.
The EEA comprises the 28 states of the EU plus Iceland, Liechtenstein and Norway.
What is the commercial letting of an FHL?
•the property must not be let for periods of longer-term occupation (as defined above) for more than 155 days during the relevant period
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