[ / / / / / / / / / / / / / ] [ dir / random / 55sync / cuteboys / girltalk / join / random / tingles / warroom / x ][Options][ watchlist ]

/test/ - Test Board

Test anything and everything!
You can now write text to your AI-generated image at https://aiproto.com It is currently free to use for Proto members.

Name
Email
Subject
REC

0:00

Comment *
File
Select/drop/paste files here
Password (Randomized for file and post deletion; you may also set your own.)
Archive
* = required field[▶Show post options & limits]
Confused? See the FAQ.
Expand all images

Some recommended boards to test! /ani/ - Animation ~ /art/ - Art & Creative ~ /drc/ - Drawfag, Request, Circlejerk ~ /loomis/ - Art Gains ~ /secretrule/ - Certified Autism!
Use >>>/testing/ to test Captcha, User IDs, optional Country Flags and other settings!

[–]

 No.86037 [Watch Thread][Show All Posts]

I've come across the term "Furnished Holiday Let" (FHL) and understand it has some tax advantages. Does anyone know the criteria for qualifying?

____________________________
Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

 No.86038

To qualify as a Furnished Holiday Let (FHL), your property must meet specific criteria. It should be fully furnished and available for letting at least 210 days a year. Additionally, it must be let to the public for a minimum of 105 days annually, excluding long-term lets over 31 days. FHLs offer tax advantages, such as capital allowances and relief on profits. If you're managing an Airbnb, check https://www.smarthost.co.uk/airbnb-property-calculator for insights on rules like the 90-day rule in London.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

 No.86039

Yes, those are the main ones. It's also important that the property is furnished and intended for short-term holiday lets, not long-term rentals. If you meet these criteria, you can potentially deduct certain expenses that aren't available to regular landlords, and you might have different rules regarding capital gains. It's always best to consult with a tax professional for personalized advice.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.



[Return][Go to top][Catalog][Screencap][Nerve Center][Random][Update] ( Scroll to new posts) ( Auto) 4
2 replies | 0 images | Page 1
[Post a Reply]
[ / / / / / / / / / / / / / ] [ dir / random / 55sync / cuteboys / girltalk / join / random / tingles / warroom / x ][ watchlist ]