There are proposed changes to the tax rules relating to Furnished Holiday Let (FHL) accommodation. For many years taxpayers who own holiday homes which are let out to the public on a commercial basis have benefitted from numerous tax reliefs, providing they meet the conditions of a “Furnished Holiday […]
Tag Archives: tax changes
20
May
May
As the tax season approaches you may be confused over the changes with the tax basis period reform, particularly if you have a financial year that doesn’t align with the standard 31 March or 5 April. There has been some misunderstanding regarding whether businesses can distribute excess profits if […]