Tag Archives: furnished holiday lettings

Another one bites the dust!

Inheritance tax (IHT) business property relief (BPR) is available to business owners if certain conditions are satisfied. BPR (at the 100% rate) applies to ‘relevant business property’ including a business or interest in a business. Unfortunately, not every business potentially attracts BPR, such as where the business consists wholly or mainly of ‘making or holding… Read More »

Holiday homes: A CGT solution?

The landlord of a furnished holiday letting (FHL) that satisfies certain conditions can potentially benefit from ‘special’ tax treatment and certain tax reliefs, which landlords of other properties cannot access. Does it qualify? The requirements for a furnished property to be ‘qualifying holiday accommodation’ are beyond the scope of this article, but the three basic… Read More »

IHT and holiday lettings: A (rare!) business property relief success

Inheritance tax (IHT) relief at the rate of 100% is an attractive proposition. Business property relief (BPR) is available to business owners if certain conditions are satisfied. BPR at the 100% rate applies to ‘relevant business property’ including a business or interest in a business (in certain other cases, BPR is available at 50% instead).… Read More »