The UK government has officially announced that the Furnished Holiday Lettings (FHL) tax regime is ending, and with it, the valuable tax benefits you've enjoyed. The clock is ticking—act now to secure the capital allowances you are entitled to before they disappear for good.
Important Deadlines:
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6 April 2025: FHL rules will cease to apply for Income Tax and Capital Gains Tax (CGT).
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1 April 2025: FHL rules will no longer apply for Corporation Tax.
TIME IS RUNNING OUT FOR HOLIDAY LET OWNERS
WHAT THIS MEANS FOR YOU
As of April 2025, significant changes will impact your tax efficiency:
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Restricted Loan Interest Deductions: After April 2025, you’ll only be able to claim loan interest at the basic rate of Income Tax, drastically reducing your potential savings.
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Elimination of Capital Allowances: The ability to claim capital allowances on new expenditures will end. After this date, you will only be able to claim relief for replacing domestic items.
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Withdrawal of CGT Reliefs: Essential reliefs like Business Asset Disposal Relief and Business Asset Rollover Relief will no longer be available.
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Removal of Pension Relief Benefits: FHL income will not count towards your maximum pension contributions.
Act Now—Secure What You’re Due Before Time Runs Out!
WHY YOU MUST ACT
01.
Claims can still be made on properties you’ve already purchased, refurbished, or constructed.
02.
Unused capital allowances can be carried forward even after the FHL regime ends.
03.
Delaying could mean significant financial losses and higher taxes.
CHECK TO SEE IF YOU QUALIFY TODAY
If you own a Holiday Let, Serviced Accommodation, or Airbnb property, you are legally entitled to claim capital allowances from your property purchase. But with the deadline approaching fast, urgency is key.
Don’t risk losing out—contact us today to ensure you get what you’re due.