The tax benefits of holiday lets are being withdrawn. Understand the impact on your business and plan your next steps with Provestor's tax advisors.
The tax benefits of holiday lets are being withdrawn. Understand the impact on your business and plan your next steps with Provestor's tax advisors.
In the biggest tax reform in 14 years, furnished holiday let (FHL) tax reliefs will be abolished in 2025. This will bring the end to:
Full relief tax on mortgages
Tax relief on many expenses
Business asset disposal relief
Using income to contribute to a pension
Offsetting losses against future profits
These changes will have a significant impact on FHL owners, and needs careful consideration to understand the right route to take.
At Provestor, our team of qualified tax advisors can help you make sense of these changes, explain the impact on your investments and provide you with options and recommendations tailored to your long term goals.
Our FHL tax team are here to help. Book your call today.
How much will my tax bill increase by?
I'm about to buy a holiday let. Should I rethink?
How can I mitigate the lack of mortgage interest relief?
Should I refurbish my holiday let ahead of April 2025?
How much will my tax bill increase by?
I'm about to buy a holiday let. Should I rethink?
How can I mitigate the lack of mortgage interest relief?
Should I refurbish my holiday let ahead of April 2025?
What's the tax impact of increasing my rates?
Is now the right time to sell my holiday let?
What happens to the tax relief on my running costs?
Mornings, afternoons, evenings or weekends, our advisors are free when you are.
Share your information in advance and your advisor will prepare, so you'll get the most out of your call.
In your 45-min call, you’ll get advice and a holiday let tax plan aligned with your goals.
We'll email you a recording of your call, and a summary of the key points.
If you need tax advice for your holiday let, you need Provestor. We'll help you navigate the upcoming tax changes and make sure your investments are set up for success.
A bespoke tax consultation to understand the impact of the March 2024 budget on your holiday lets. Includes:
A review of your current tax position
An overview of the upcoming changes
The impact of the tax changes on your portfolio and long term goals
Suggested approaches for mitigating the tax changes
Book now and save £50.
Offer ends 31st March 2024.