Tax obligations for furnished lets – residential vs holiday
There are different tax reliefs and reductions available for Furnished Holiday Lets (FHLs) and longer-term furnished rental properties.
There are different tax reliefs and reductions available for Furnished Holiday Lets (FHLs) and longer-term furnished rental properties.
The way our society is working has changed, with the ability to now earn money online from almost everywhere, the digital nomad lifestyle is gaining unprecedented popularity. This is a…
From 6 April 2026, self-employed individuals must comply with Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This includes landlords.
HM Revenue & Customs (HMRC) has rolled out a new policy aimed at reducing the use of paper and avoiding confusion.
Currently, 1.2 million people use the HMRC app every month as a simple and convenient way to access key tax information.
The Government are trying to tackle housing shortages in areas of high demand for short-term lets and will do this by introducing new regulations.