{"id":4552,"date":"2024-07-09T11:19:41","date_gmt":"2024-07-09T10:19:41","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=4552"},"modified":"2024-07-09T11:20:19","modified_gmt":"2024-07-09T10:20:19","slug":"big-changes-to-taxation-of-furnished-holiday-lets","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2024\/07\/09\/big-changes-to-taxation-of-furnished-holiday-lets\/","title":{"rendered":"Big changes to taxation of furnished holiday lets"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The Chancellor also announced the abolition of the Furnished Holiday Lettings (FHL) tax regime \u2013 the significant tax advantages over standard long-term lets have now gone.<\/strong>&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>This is because, from a taxation point of view, you are no longer running a business. From April 2025, in the eyes of HM Revenue &amp; Customs, despite the work involved, furnished holiday lets are treated as passive investments and taxed as such. The regime is being brought into line with standard buy to lets, which themselves have suffered from tax increases recently.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>The new rules will not be finalised until they appear in the Finance Act, but it looks likely they will be approved.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.<\/em><\/strong>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Chancellor also announced the abolition of the Furnished Holiday Lettings (FHL) tax regime \u2013 the significant tax advantages over standard long-term lets have now gone.&nbsp; This is because, from a taxation point of view, you are no longer running a business. From April 2025, in the eyes of HM Revenue &amp; Customs, despite the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,77],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/4552"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=4552"}],"version-history":[{"count":6,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/4552\/revisions"}],"predecessor-version":[{"id":4559,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/4552\/revisions\/4559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/4553"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=4552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=4552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=4552"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=4552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}