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Landlords with furnished holiday lettings (FHLs) currently enjoy favorable tax advantages compared to those letting residential property on longer-term lets. However, these advantages will end, and from 6 April 2025 FHLs will be treated as other residential lets. However, transitional rules will allow landlords to access some capital gains tax reliefs for a limited period.
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Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the 2024 Spring Budget, it was announced that the favorable tax regime for FHLs would be abolished from 6 April 2025. However, the legislation has yet to be enacted, and it remains unclear if it will see the light of day. Landlords of
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