Commentary

B6.402 Meaning of 'commercial letting of furnished holiday accommodation'

Business tax
Business tax | Commentary

B6.402 Meaning of 'commercial letting of furnished holiday accommodation'

Business tax | Commentary

B6.402 Meaning of 'commercial letting of furnished holiday accommodation'

A number of conditions must be met for the rules for furnished holiday lettings (FHLs) described in B6.401 to apply.

First, the FHL must be let (ie under a lease or some other arrangement which allows another person to use the accommodation) on a commercial basis with a view to the realisation of profits1 although there does not have to be a formal lease2. Therefore, letting a relative use a property at a nominal rent to offset costs will not qualify. In Brown3, a taxpayer's claim for loss relief on a holiday

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