Furnished residential lets vs Furnished Holiday Lets – The tax situation
May 14, 2024
By Vale & West
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.
Short-term let owners to face new planning permission requirements
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
New rules to end second home tax loophole
Multiple homeowners who leave “holiday lets” empty will no longer be able to claim tax benefits, it has been announced.