Furnished Holiday Lettings - Forthcoming changes to tax rules

The government has announced that it will repeal the special tax rules relating to the commercial letting of Furnished Holiday Accommodation (FHL). The FHL rules have generally treated such letting as a trade and so a number of preferential tax rules have applied. 

Income and gains from FHL will subsequently form part of the person’s UK or overseas property business and be treated in line with all other property income and gains.