With summer finally here, letting out a furnished holiday home for the season may be something you have been thinking about doing. With both advantages and disadvantages to look at, making the decision may not be easy.
However, taking a read of this month’s Active Practice will set some things into focus for you and help you make your decision on whether or not to become a seasonal landlord.
This month’s Active Practice will guide you through:
- Myth busters – Where does the holiday home have to be located?
– Increased pension contributions
– Capital Allowance
– Reduced capital gains
– Joint ownership
– Grace period
– Overseas properties
- Capital gains on tax reliefs
– Entrepreneurs’ relief
– Rollover relief
– Holdover relief
– Business rates
– Planning restrictions
– Private use
If you would like to know any further information about letting out a furnished holiday home, please get in touch, but first talk a read of this month’s Active Practice to find out more. You can download it here:
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If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
- You can email us at email@example.com