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Topic: Income tax

Furnished holiday lettings status checker
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Furnished holiday lettings status checker

Furnished holiday lettings status checker

A property that is rented out as a furnished holiday let (FHL) can qualify for a special capital gains tax status meaning that HMRC treats it as a business rather than an investment. As the owner of a qualifying FHL you are entitled to tax breaks such as entrepreneurs’ relief and holdover relief.

How to use the calculator

Use the Furnished Holiday Lettings Status Checker to review whether or not a property qualifies as an FHL. The checker allows you to review the status of up to three properties simultaneously. Plus it will show if you can take advantage of HMRC’s averaging election which can change the status of a property that would otherwise fail the FHL test.


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