holiday lettings

It was hard, but we badly needed the money the holiday lettings were bringing us.

Some of the older cottages have now been converted to holiday lettings.

Furnished holiday lettings offer other tax relief providing certain conditions are met.

Holiday Lettings A letting for this purpose cannot be assured.

Holiday Lettings and Owners Direct also have a range of properties available.

Self-catering accommodation is available from £304pp per week from Holiday Lettings.

The Government will publish a public consultation over the summer about plans to change the tax treatment of furnished holiday lettings from April 2011.

Furnished holiday lettings consultation - summary of responses (Opens new window)

Chapter 2 paragraph 2.8 Furnished holiday lettings.

"Small businesses in rural areas, such as furnished holiday lettings and campsites will be severely disadvantaged.

The taxman requires certain conditions to be met before the furnished holiday lettings rules can be applied.

The letting pool usually caters for holiday lettings, but pools for permanent lettings are not unheard of.

Furnished holiday lettings (FHL)

Read about changes to the tax treatment of holiday lettings, and European holiday lettings (PDF 61K)

SA801 (PDF, 78KB) Use SA801 supplementary pages if your partnership earned income from land or property or furnished holiday lettings.

Best is to find alternatives - the Good Hotel guide can help, and the Holiday Lettings web site produces a good guide to self catering as does Owners Direct.

Our age of austerity may be taking its toll on some parts of the property market, but for Cornwall's holiday lettings sector, the clouds of the downturn have a particularly shiny silver lining.

Summary of Responses: Furnished holiday lettings December 2010 - This document summarises the responses the government received to its consultation document about furnished holiday lettings.

Business Asset Roll-Over Relief Gifts Hold-Over Relief Entrepreneurs' Relief See more on 'furnished holiday lettings' in the Self Assessment tax return notes (PDF 93K)

Holiday Lettings calculates that for a week's rental last August the average price paid for a three-bedroom cottage in Cornwall advertised on its website was £950, compared with £670 in Brittany and £650 in Normandy.

More particularly, consideration of the provisions on holiday lettings by an authorized tourist operator show that those provisions are not discriminatory and apply both to owners of Spanish nationality and to owners from other Member States.

The website Holidaylettings.co.uk says around a quarter of those it surveyed for its recent Holiday Lettings Insights Report said they would consider investing in a holiday home to supplement their income, and estimates that holiday rentals brought £540 million into the country in 2011.

From 1 April 2011 for the purposes of Corporation Tax, and 6 April 2011 for income tax furnished holiday properties let on a commercial basis can qualify for tax treatment under the Furnished Holiday Lettings (FHL) rules.

Furnished holiday lettings Issue date of consultation: 27 July 2010 Date of response: 22 October 2010 This consultation seeks your views on the government's proposal to change the tax rules for furnished holiday lettings so they meet EU legal requirements in a fiscally responsible way.