ON DEMAND WEBINAR:
Tax Update for Holiday Let Owners
Sign up today and watch at a time that suits you!
|
|
GET THE ON-DEMAND WEBINAR
|
Top 3 reasons to watch this webinar:
-
Understand the new tax changes for holiday let owners, how you could be impacted and ways to mitigate the impact on your business.
-
Gain an awareness of Capital Allowances Tax Relief, how there could be thousands of pounds in missed tax savings in your property and why it’s vital to claim your entitlement before it’s too late.
-
Get exclusive access to Zeal’s Tax Resource Hub, including our highly sought after eBook: Tax Changes for Furnished Holiday Let Owners.
The webinar covers:
-
An overview of the key tax changes for FHL owners – what they mean and how to mitigate their impact on your business.
-
Capital Allowances – how you could be unknowingly missing out on tax savings and why there is still time to make your tax relief claim before the deadline!
-
How to become as tax efficient as possible (including if incorporation is the solution for you).
-
FAQs – Business Rates & VAT.
-
Making Tax Digital (MTD).
-
Free access to Zeal’s Tax Resources Hub.
. . . 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 80% 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.
As long as a claim is made before the final 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!
