Furnished Holiday Lets: The End of an Era

Objectives

By attending this course, delegates will be able to advise clients with furnished holiday lets on the effect of the tax changes ahead, how to plan for them, and how to make the most of the current, highly beneficial, tax regime while it still lasts.

Key topics

• A recap of the current furnished holiday lets regime and the advantages it provides for Income Tax, Capital Gains Tax, and Corporation Tax purposes
• The impact of the regime’s abolition, scheduled for April 2025: what will change and how furnished holiday lets will be treated for tax purposes in future
• What owners of furnished holiday lets can do now to prepare for the change and mitigate its effects
• Trading status for furnished holiday letting businesses: is it achievable, is it desirable?
• The pros and cons of incorporating a furnished holiday letting business and how to go about it

Who should attend

The session will be of benefit to general practitioners, tax advisers, accountancy students, and landlords with furnished holiday lets.