Do you own a furnished holiday let?
If yes, are you aware of your eligibility for Capital Allowances for furnished holiday lettings? Whether purchased or constructed – encompassing conversions, alterations, and fittings – you might be overlooking a significant tax relief opportunity.
How can I benefit?
- Claim tax relief against your income based on certain letting availability criteria.
- Potentially harness tax savings of 20-50% on the purchase and 30-70% on further construction expenses.
Is there tax relief available?
Inland Revenue suggests that merely 10% of business owners, including those in furnished holiday lettings, bother to claim this tax relief.
Why? Claiming Capital Allowances on furnished holiday lettings is not purely accounting. It requires a mix of property and construction law.
Have you and/or your accountants looked into Capital Allowances for furnished holiday lettings? If uncertain or if the answer leans towards a “No”, it’s time to revisit as you may be missing out on significant tax relief.
Don’t leave valuable tax reliefs untapped.
Chat with us today in a free, no-commitment assessment to ensure you can fully benefit from capital allowances for your furnished holiday lettings.
Get the tax relief you are entitled to
If you need the help of a tax consultant to identify what tax relief you are eligible for on your commercial property, contact us today to have a no obligation chat.