Furnished Holiday Lets

A Special Report about...

In a nutshell

This PDF Special Report explores the consequences of the government’s decision to scrap the furnished holiday lettings (FHL) regime in April 2025. We explain what’s changing, the transitional rules and, most importantly, what you can do to secure maximum tax relief – regardless of whether you intend to continue your short-term lettings, switch to longer-term tenancies, cease letting and dispose of the properties, or pass them on. By following our advice, you’ll be well-equipped to mitigate the impact on your finances.  

In detail

The announcement that the FHL regime would be scrapped in 2025 was originally made during the 2024 Spring Budget. Currently, FHL status attracts a number of important tax benefits that other property letting businesses don’t. Following the change of government in July 2024, it has been confirmed that the rules will indeed be repealed. The new government has published draft legislation, along with a policy note giving some clarity on transitional arrangements which had not previously been available. This Special Report covers all of the transitional rules and explains the tax consequences concisely. It also details a number of planning ideas you can consider using to mitigate the impact on your own position as an FHL landlord. 

The Special Report covers in detail:

• The tax position now and next year
  
  
• Capital allowances 

• Losses 

• Capital gains tax reliefs 

• Differences in impact on companies compared with individuals 

• Planning ideas: taking advantage of the transition 

• Useful template elections/letters to help you take action now 

We've created this Report especially for...

Landlords of short-term let properties and shareholders of companies operating an FHL business, and their advisors, who want to: 

• Understand their position as it will be from April 2025 

• Proactively plan ahead to ensure minimal impact and/or loss of relief, whether or not the letting activity will continue 

• All the steps needed to minimise the impact of the end of the FHL regime
• Ready to use downloadable document templates
• 56 pages
• PDF only
• Immediate delivery to your inbox

In this Special Report you'll read about...

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• The PDF-version
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