The Coronavirus pandemic has left many of us dreaming of warmer climates… or at least somewhere different than our own houses.
Although life is slowly returning back to normal, there is still much uncertainty when it comes to where we will be spending our summer holidays. With many hesitant to book overseas holidays, and the lack of clarity surrounding travel due to Covid-19, there has been an increased demand for UK holidays.
Owning and letting out a holiday home can be a lucrative way of investing and earning income. Therefore, you may be wondering if now could be the right time to invest in one yourself.
Take a look at our latest guide to make sure you understand the tax implications.
You can download the full guide here –
Find out more by reading our latest guide today. Our guide gives handy guidance on:
- What are the tax treatments of a furnished holiday let?
- How is profit and loss calculated on a furnished holiday let?
- What qualifies as a furnished holiday let?
- How has COVID-19 affected furnished holiday lets?
- When would a property no longer be classed as a furnished holiday let?
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If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
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