With the holiday let industry preparing to deal with the biggest tax changes in more than 40 years . . .
Zeal MD & FHL Tax Expert, Matt Jeffery, has written an extensive 43-page eBook to provide owners of holiday lets and short-term rentals with a thorough understanding of everything they need to know about the forthcoming changes, ways you can mitigate the impact on their business, and actions to consider now.
Chapters cover Finance Cost Restrictions, Capital Allowances, Capital Gains Tax, Profit Allocation, Pension Contributions, Business Rates, VAT, Incorporation and more!
This exclusive resource is accessible to Zeal’s clients and owners or members of Zeal’s partners – for free!
For more information about this eBook, or about partnering with Zeal to provide this invaluable resource to your owners, contact our team on [email protected].
One of the major changes from April 2025 will include the removal of capital allowances tax relief for short-term let owners.
Zeal and its’ partners are working together tirelessly to help owners take advantage of the tax relief available to them, whilst there is still time. It is vital to review your capital allowances and ensure you have not missed a claim, before it’s too late!
Whilst you may have heard of capital allowances, and even think “my accountant already claims capital allowances for me”, you may not realise that there’s an extra level of capital allowances that could be available to you. A type that accountants cannot typically claim.
These can be claimed on part of the costs you incurred to purchase, build, convert or refurbish your property.
Even if you incurred expenditure years ago, you could still make a claim now, but the clock is ticking!
An estimated 80% of owners have not yet claimed tax relief on the initial captial investment in their property . . . and time is running out to review and claim the tax savings available to you!
Any tax benefit secured before April 2025 can continue to be claimed even after the rules change, and can also be offset against tax due on ANY property income, not just FHLs! You could also be due a cash rebate from HMRC for overpaid tax.
If you are a holiday let owner, Zeal can offer you a free capital allowances review to help you identify if you have any unclaimed capital allowances in your property. If you do, Zeal can provide you an estimate of your tax savings and the next steps.
Select a time for your free capital allowances review with Zeal!
It costs nothing to find out if you qualify – only a few minutes of your time.