Commentary

B6.403 Meaning of 'qualifying holiday accommodation'

Business tax
Business tax | Commentary

B6.403 Meaning of 'qualifying holiday accommodation'

Business tax | Commentary

B6.403 Meaning of 'qualifying holiday accommodation'

The definition of 'qualifying holiday accommodation', for the purpose of the furnished holiday lettings (FHLs) rules, is designed to ensure that only accommodation that is available for short-term lets qualifies. It considers the availability of the accommodation over a 12-month period ('the relevant period').

Usually, the relevant period is the tax year in question for income tax purposes and the accounting period in question for corporation tax purposes. However, if the accommodation was not let by the person (or company) as furnished accommodation in the previous tax year or accounting period, then the relevant period

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