Furnished holiday let tax. Apr 1, 2025 · Furnished holiday lettings tax regime abolished from 1 April 2025. Nov 7, 2024 · By removing the furnished holiday let rules, all income from property will be treated the same for tax purposes. The legislation confirms that the beneficial tax treatment for Furnished Holiday lettings (FHLs) regime will be abolished from 6 April 2025 for income tax and capital gains tax (1 April 2025 for corporation tax). co. See full list on coastandcountry. At the March 2024 Budget, then Chancellor Jeremy Hunt announced the regime would be abolished from 1 April 2025, with legislation to be published in due course. Oct 24, 2024 · Consequently, they will be taxed on the former furnished holiday let income on a 50:50 basis for income tax purposes, regardless of their actual beneficial interests – unless specific action is taken. uk Apr 7, 2025 · Find out about the key tax changes for Furnished Holiday Lets in 2025 following the removal of the FHL tax scheme. Oct 30, 2024 · Buckle up for a tour of the current rules and tax calculations for furnished holiday lets, as well as the major changes that will be introduced in April 2025 with the abolition of the furnished holiday let status. The changes will achieve a parity of treatment for taxpayers. . dbhus mbnx buo rbyyfrh fgmqoq sfkee oezyo qkgiddb beupgk lrs