Commentary

C2.1114 Furnished holiday lettings

Capital gains tax
Capital gains tax | Commentary

C2.1114 Furnished holiday lettings

Capital gains tax | Commentary

C2.1114 Furnished holiday lettings

The commercial letting of furnished holiday accommodation in the UK which is assessable as a UK property business (see B9.110, B6.402), is deemed to be a trade for the purpose of claiming the following capital gains reliefs1:

  1.  

    (a)     roll-over relief for the replacement of business assets2 (see C3.302)

  2.  

    (b)     hold-over relief for gifts of business assets3 (see C3.502)

  3.  

    (c)     relief for loans to traders4 (see C3.703)

  4.  

    (d)     exemptions for disposals by companies with substantial shareholding (see Division D1.10)5

  5.  

    (e)     business asset disposal relief (previously entrepreneurs' relief) (see Division C3.13)6

All furnished holiday lettings carried out by a

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