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holiday let tax rules 2021

furnished holiday lets

New Furnished Holiday Lets – Applying the Test

All business must start at some point, and a furnished holiday lettings (FHLs) business is no exception. Unlike other rental properties, furnished holiday lettings enjoy special tax rules. As a result, they are able to benefit from capital gains tax reliefs for traders and claim capital allowances for furniture, fixtures, and fittings. The profits from …

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