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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 140 days a year (210 days from April 2012);
  • Actually let for a minimum of 70 days a year (105 days from April 2012, see Note below);
  • 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" will exist 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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Capital Allowances: Transactions and Planning 2014/15

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