Self-Catering-Online » furnished holiday lettings http://www.edinburgh-flats.com/blog Self-catering properties for owners, managers and visitors Wed, 04 Jan 2012 10:26:17 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Tax Turnaround – Great News for Holiday Let owners http://www.edinburgh-flats.com/blog/66/self-catering-flats/tax-turnaround-great-news-for-holiday-let-owners/ http://www.edinburgh-flats.com/blog/66/self-catering-flats/tax-turnaround-great-news-for-holiday-let-owners/#comments Mon, 12 Apr 2010 22:02:34 +0000 Lenore & Janet http://www.self-catering-online.com/blog/?p=66 The Sunday Times is reporting that the expected changes to the tax rules governing holiday lets are not happening.  The significant tax benefits that arose because holiday letting was treated as a trading activity were scheduled to be removed on 6 April.  It had been announced in previous budgets that holiday letting was to be treated as other residential letting from 6 April 2010.    In a last minute deal to get approval for the budget these changes have been dropped, so that as of now the tax treament of holiday lettings is as it was last year.

See http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article7093593.ece.

Frustrating for people who have made decisions based on the scheduled change, but overall it should be beneficial for owners of holiday let properties.  We just don’t know how long this will last.

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