Furnished Holiday Lettings (FHL)

Furnished Holiday Letting Accountants help you make more money!

As a holiday let owner, it’s important to be on top of your finances from the very beginning. This means understanding the initial review and eligibility criteria for tax purposes, as well as planning for any potential tax liabilities.

Accountants for Furnished Holiday Letting

When it comes to accountants for furnished holiday letting, you want to make sure that you are getting the best possible service. This means that you need to find an accountant who is familiar with the specific needs of this type of business. Accountants for furnished holiday letting can provide you with the support and guidance you need to ensure your business is compliant with current regulations. They can also help you maximise your tax deductions and reduce your overall tax liability.

Why You Need Furnished Holiday Lets Accountants

They are a valuable resource for any business owner, and they can help you make the most of your business. If you’re looking for someone to help you with your taxes, or if you need help staying compliant with current regulations, then you should definitely consider using an accountant for your business. Accountants for furnished holiday letting can help you reach your financial goals, and they can help you keep your business running smoothly.

Here is the list of some core Benefits:

Occupancy Conditions

Accommodation can only qualify as a FHL if it passes all 3 occupancy conditions.

Pattern of Occupation Condition

If the total of all lettings that exceed 31 continuous days is more than 155 days during the year, this condition is not met so your property will not be a FHL for that year.

Availability Condition

Your property must be available for letting as furnished holiday accommodation letting for at least 210 days in the year (140 days for the tax year 2011 to 2012 and earlier).

Letting Condition

You must let the property commercially as furnished holiday accommodation to the public for at least 105 days in the year (70 days for the tax year 2011 to 2012 and earlier).

How Accotax Can Help You?

Accotax accountants for furnished holiday letting can help make things easier for you by:

We understand the importance of getting things right first time, so we offer a free initial consultation to discuss your specific needs. We’ll then provide you with a competitive quote based on our findings. Contact us today to find out more about how we can help you!

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