Furnished Holiday Lettings: Change to the Rules - Dec 2009
From April 2010 the very favourable tax reliefs and allowances made available to furnished holiday lettings will be removed.
These reliefs include the capital gains advantages such as business asset treatment for rollover relief, gift relief and entrepreneurs' relief which help to defer or significantly reduce gains made on disposal of such properties.
Before the capital gains tax reliefs are taken away there are various tax planning opportunities which may be available to you to take final advantage of these reliefs for the future. If you would like more information or if you would like to know if this would be suitable for you then please contact us as soon as possible.
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