 Furnished Holiday Lettings
The current furnished holiday lettings provisions are to be withdrawn with effect from 6 April 2010.
From that date, furnished holiday lettings will be dealt with under the normal rules for the letting of property and the following tax reliefs will no longer be available:
- Income tax sideways loss relief and capital allowances for new expenditure;
- Capital gains tax entrepreneurs’ relief, business assets roll-over relief, relief for gifts of business assets; and
- Furnished holiday lettings income will cease to be relevant income for pension relief purposes.
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