Expert Guide

Guide to furnished holiday let tax

Overview of this guide

Whether you’re dreaming of a Cornish cliffside cottage or a Northumberland bolthole, owning a holiday let is the ultimate property investment dream for many.

With 4 in 5 Brits planning a 2021 staycation, it’s easy to see why more and more property investors are considering purchasing a holiday let.

In this guide, you’ll learn about the tax advantages of furnished holiday lets, including:

  • The statutory definition of a furnished holiday let

  • Advantages and disadvantages to be aware of

  • FHL tax allowances

  • Key things to consider before investing