PASC UK Members Time is running out . . .
Act now or risk losing
thousands of pounds
in cash and tax savings.

Don’t miss the deadline to claim your capital allowances entitlement!

In April 2025, the FHL tax regime was abolished for short-term let owners. As part of these changes, owners will soon lose their ability to claim capital allowances. There is stll time to claim your tax relief entitlement – but time is of the essence!

Whilst you may have heard of capital allowances already 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 which an accountant is NOT typically able to claim.

This extra tax relief can be claimed on part of the amount you spent to purchase, build, convert or refurbish your property for the ’embedded’ fixtures within the fabric of the building. Essentially, these are items that would not fall out if the building was turned upsidedown like electrical and heating systems, water pipework and much more. On average, 20%-30% of the original costs you incurred is identified in qualifying capital allowances. Even if you incurred expenditure or bought the property years ago, you could still make a claim now!

Whilst an accountant can claim capital allowances, it is usually restricted to items like furniture and equipment that you purchase and have a receipt for. To make this specific tax relief claim, quantity surveying skills and specialist capital allowances knowledge is required. That’s where Zeal come in. 

The last opportunity to make a capital allowances claim is in your 2024/25 tax return. 

Any cash and tax savings entitlement not claimed by the deadline will be lost forever.

Key information:

This is not a service an accountant provides.

It’s not too late to claim on historical expenditure.

You must have started letting your holiday property before April 2025 to qualify for tax relief.

Tax allowances identified before the deadline can continue to be claimed even after the rules change.

Any benefit secured can also be offset against tax due on ANY UK property income post April 2025.

No impact on future Capital Gains Tax if you were to sell the property.

There could be an average of £20,000 in tax savings available to you.

You could also be due a cash rebate from HMRC for tax you have unknowingly overpaid.

If you don’t claim soon, you will lose the tax relief forever!

It will cost you nothing to find out if you qualify – only a few minutes of your time.

Zeal are working with PASC UK to ensure all members benefit from the tax relief available to them, before it’s too late!

Access an exclusive collection of free tax material at your fingertips!

From tax articles, help sheets and videos, to guides and eBooks, topics cover everything from the Tax Changes for FHL owners (and how to mitigate the impact on your business), Making Tax Digital, Tax-Deductible Expenses, structuring your FHL business tax efficiently, EPC tax implications, Capital Allowances (and how it isn’t too late to claim, plus more!