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Holiday Let Tax – Key Changes, Transitional Rules
& Tax Saving Opportunities
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Following the abolition of the Furnished Holiday Let (FHL) Tax Regime in April this year, a lot of owners have been left wondering ‘What Now?’ or even thinking ‘I’ve left it too late to act!’. Don’t worry – we’ve got you covered! Join Zeal & Toad Hall Cottages for an exclusive webinar, covering everything you need to know about the changes to the Furnished Holiday Let (FHL) tax legislation, including how you can unlock thousands of pounds in tax savings sitting unclaimed your holiday let property, before the deadline! Any entitlement not claimed by this date will be lost forever. Â
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REGISTER NOW! |
Top 3 reasons to watch this webinar:
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Understand the new tax rules for holiday let owners, how you could be impacted and ways to mitigate any impact on your business.
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Gain an awareness of Capital Allowances Tax Relief, the benefits, and why it’s vital to claim before it’s too late.
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Get exclusive access to Zeal’s acclaimed Resource Hub (containing our highly sought after eBook: Tax Changes for Furnished Holiday Let Owners).
The webinar covers:
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A recap of everything you need to know about the new tax rules.
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The ‘in between’ transitional rules for the tax changes.
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Mitigation strategies to reduce the impact of the tax changes and ensure the longevity of your business.
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How to become as tax efficient as possible (including if incorporation is the solution for you).
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A deep dive into Capital Allowances and how you could unlock thousands of pounds in missed tax savings.
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How Zeal can help you unlock the tax relief sitting unclaimed in your holiday let property, before it’s too late!
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Why 70% of owners are yet to claim (and why this isn’t a claim an accountant can make on your behalf).
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Successful claim examples and process overview.
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Limited Companies – Advantages and Disadvantages if you are considering incorporation.
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Business Rates & VAT FAQs.
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Free access to Zeal’s Tax Resource Hub.Â
. . . and more!
Many FHL and SA owners are unaware there is an extra level of capital allowances that can be claimed on embedded ‘fixtures’ in the fabric of their property, like heating and electrical systems, kitchens, bathrooms and more.
This tax relief can be claimed on part of the original costs spent to purchase or construct their short-term let (no matter how long ago that was), and can generate significant tax savings for owners. Capital allowances can also be claimed on costs incurred to refurbish or convert the property for use as a short-term let.
As this is not a tax relief an accountant can typically claim, it’s estimated that 70% of qualifying owners have not made a claim and are unknowingly sitting on thousands of pounds in tax savings. Many could also be due a cash rebate from HMRC for overpaid tax.
Zeal’s Chartered Tax team of capital allowances specialists and quantity surveyors have the required expertise to help your owners identify any missed capital allowances claims. By introducing your owners to us, you can ensure they benefit from valuable tax relief available to them, and earn generous referral fees in the process.
As long as a claim is made before the deadline, any tax benefit secured can continue to be used even after the rules change, AND can also be offset against tax due on ANY income from residential or commercial properties, not just FHLs!
