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Furnished holiday lettings
The pros and cons of letting furnished holiday accommodation.
When furnished holiday property is let on a commercial basis for short periods, the owner can beneit from tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain conditions are met.
However, there are also several disadvantages associated with letting property as holiday accommodation whether or not the furnished holiday letting conditions are met.
The property doesn’t have to be located in a recognised holiday area to qualify as a furnished holiday letting.
It may be situated in most parts of the UK, aside from the Isle of Man or Channel Islands, or in another country within the European Economic Area (EEA).
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