4 Owners of Furnished Holiday Lets

Landlords of furnished holiday properties in the UK have always been able to claim tax relief - known as capital allowances – on any qualifying expenditure relating to the property, such as the installation of heating, kitchens, bathrooms even swimming pools. What many owners do not realise is that they can claim on the purchase of the property as well as on subsequent alterations and extensions.

Following a change in the law in May 2009, these allowances are now available to owners of properties in the European Economic Area.

To be able to claim you must meet the following criteria:

• Be let furnished
• Be available for holiday letting to the public on a commercial basis for 140 or more days per year
• Actually be let commercially as a holiday property for 70 days or more per year
• Must not be occupied continuously for more than 31 days for at least seven months of the year.

If you would like a free assessment of how much you could claim, click here>>

For more information on Capital Allowances on Furnished Holiday Lets,
download our free guide>>

For more information on Capital Allowances on Oversea's Furnished Holiday Lets,
download our free guide>>