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Furnished Holiday Lets

Capital allowances are available to UK taxpayers for money spent buying or building furnished holiday lets.

Depending on the specification of the property, between 15% and 35% of the expenditure may qualify for tax relief.

Qualifying Properties

Capital allowances are claimed in UK tax returns. To be eligible to claim, the property must be let on a commercial basis and:-

  • Available to be let for at least 210 days a year;
  • Actually let for a minimum of 105 days a year;
  • Not let to the same person for periods of more than 31 days, for more than 155 days in a year.

Note: From April 2012, a "period of grace" exists to allow taxpayers that don't continue to meet the "actually let" requirement for the next two years to elect to continue to qualify throughout that period.

Please contact us for more information and a free of charge assessment of what savings are possible.







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Steven Bone

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