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Would scrapping furnished holiday let tax benefits really raise £300m?

Would scrapping furnished holiday let tax benefits really raise £300m?

by Claire Aston | Mar 5, 2024

We note the recent speculation that the Chancellor is planning to abolish the furnished holiday let (FHL) tax benefits in tomorrow’s Budget statement. TaxWatch raised issues around this regime last year, pointing out how much income and capital gains tax could be...
Would scrapping furnished holiday let tax benefits really raise £300m?

Holiday let tax rules allow owners to escape thousands of pounds in tax

by Sarah Walton | Aug 9, 2023

The tax treatment of furnished holiday properties appears inappropriately generous and could encourage owners to lock away much needed housing stock to save thousands of pounds in income and capital gains taxes. The regime, dating back to the 1980s is in desperate...
Would scrapping furnished holiday let tax benefits really raise £300m?

Holiday let tax rules allow owners to escape thousands of pounds in tax

by Sarah Walton | Aug 9, 2023

9th August 2023 • Income and capital gains on holiday let properties taxed less than those for ordinary rented properties • TaxWatch analysis shows owners can pay thousands of pounds per year less in income tax, and tens of thousands less in capital gains tax • Regime...

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