1.0Beyond Compliance: Technical & Advisory Insightshttps://www.taxpartnersuk.com/blogTax Partnershttps://www.taxpartnersuk.com/blog/author/tax_partner/Taxation – Furnished Holiday Lettings - Beyond Compliance: Technical & Advisory Insightsrich600338<blockquote class="wp-embedded-content" data-secret="2RSsNvTZIP"><a href="https://www.taxpartnersuk.com/blog/taxation-furnished-holiday-lettings/">Taxation – Furnished Holiday Lettings</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.taxpartnersuk.com/blog/taxation-furnished-holiday-lettings/embed/#?secret=2RSsNvTZIP" width="600" height="338" title="“Taxation – Furnished Holiday Lettings” — Beyond Compliance: Technical & Advisory Insights" data-secret="2RSsNvTZIP" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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Letting of property in the UK is not a trade for tax purposes and income from such activity is taxed as property income. However from early 1980s on UK tax laws allowed furnished holiday lettings (FHL) to be treated as a trading activity. This meant that FHL businesses enjoyed several of the tax advantages that […]