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Ridgefield Consulting's Accounting Advice

Tax On Furnished Holiday Lets

September 12, 2022 Ridgefield Consulting
Tax On Furnished Holiday Lets
Ridgefield Consulting's Accounting Advice
Chapters
0:36
What is a furnished holiday let?
1:06
How are furnished holiday lets different to buy-to-let properties?
2:20
What qualifies as a furnished holiday let?
3:31
What is a furnished holiday let election?
4:23
How to save tax on furnished holiday lets
4:37
Claim for initial expenditure
5:10
Being able to offset your mortgage interest payments against your rental income
5:36
Claim capital allowances for your FHL
6:13
Claim operating costs as allowable expenses to save tax on your FHL
6:38
Apply business rates instead of council tax to your FHL
7:14
Profits made from FHLs count as relevant UK earnings for pension contributions
8:07
No National Insurance (NI) contributions need to be made on earnings from FHLs
8:37
Choose how to split earnings with your spouse
9:06
Benefit from Capital Gains Tax (CGT) relief if you’re disposing of your FHL
10:20
How to pay tax on income from furnished holiday lets
More Info
Ridgefield Consulting's Accounting Advice
Tax On Furnished Holiday Lets
Sep 12, 2022
Ridgefield Consulting

In this episode Poppy talks about the different taxes that are charged on furnished-holiday-lets compared to buy-to-let properties. Find out which type of investment would be better for you based on tax treatment alone.

Access the full article which is regularly updated:
 https://www.ridgefieldconsulting.co.uk/tax-guides/a-guide-to-tax-on-furnished-holiday-lets/

For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/

Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter

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Show Notes Chapter Markers

In this episode Poppy talks about the different taxes that are charged on furnished-holiday-lets compared to buy-to-let properties. Find out which type of investment would be better for you based on tax treatment alone.

Access the full article which is regularly updated:
 https://www.ridgefieldconsulting.co.uk/tax-guides/a-guide-to-tax-on-furnished-holiday-lets/

For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/

Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter

0:36
What is a furnished holiday let?
1:06
How are furnished holiday lets different to buy-to-let properties?
2:20
What qualifies as a furnished holiday let?
3:31
What is a furnished holiday let election?
4:23
How to save tax on furnished holiday lets
4:37
Claim for initial expenditure
5:10
Being able to offset your mortgage interest payments against your rental income
5:36
Claim capital allowances for your FHL
6:13
Claim operating costs as allowable expenses to save tax on your FHL
6:38
Apply business rates instead of council tax to your FHL
7:14
Profits made from FHLs count as relevant UK earnings for pension contributions
8:07
No National Insurance (NI) contributions need to be made on earnings from FHLs
8:37
Choose how to split earnings with your spouse
9:06
Benefit from Capital Gains Tax (CGT) relief if you’re disposing of your FHL
10:20
How to pay tax on income from furnished holiday lets