Did you know that from April this year new rules will apply to furnished holiday lets (FHL)?

To qualify, the property will need to be available for commercial letting as holiday accommodation for at least 210 days during the tax year and must be commercially let as holiday accommodation for 105 days. Currently the limits are 140 days and 70 days, although even the latter seems long for a UK ‘summer’. The property cannot be let for periods of longer-term occupation exceeding 155 days. Since 2009/10, the FHL rules have applied beyond the UK to countries in the EEA.