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Furnished Holiday Lettings: A Tax Guide 4th ed


ISBN13: 9781912386222
Previous Edition ISBN: 9781908545732
Published: June 2020
Publisher: Claritax Books
Country of Publication: UK
Format: Paperback
Price: £70.00



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Special tax rules apply for furnished holiday properties. This book, written primarily for professional advisers, brings together all those rules. The text explains the criteria that must be met for the special legislation to apply, and gives full details of the tax benefits of gaining that status, from acquisition to disposal, and including the inheritance tax provisions as they apply to such properties. It also includes guidance for overseas properties and non-resident owners.

The book for anyone needing to understand the tax rules for holiday letting properties, written by an acknowledged expert in the field. One of our best-selling titles, as it is popular both with property owners and their professional advisers, this book covers the whole range of tax issues that need to be considered by those concerned with holiday accommodation.

For accountants, the book offers a comprehensive guide to the specialist rules, fully cross referenced to legislation and case law, as well as to HMRC guidance. Owners benefit by avoiding costly errors and, where appropriate, by being better prepared for meetings with their professional advisers (and by saving costs accordingly).

The fourth edition has been considerably expanded (see details below). Following a helpful introductory chapter, the book provides a practical commentary based soundly on the legislation and case law.

New material for this fourth edition includes:

  • Capital gains tax changes including new business asset disposal relief, main residence relief reductions and accelerated payment of tax
  • Latest tax cases on business property relief – Graham and Vigne
  • Non-residents – NRCGT, SDLT surcharge for overseas purchasers and Brexit
  • Capital allowances changes – structures and buildings allowances and writing-down allowance reductions
  • Update on trading status position following anti-avoidance cases and Covid-19 government intervention measures, and
  • VAT developments and small business rates relief changes as well as Covid-19 measures

Subjects:
Taxation
Contents:
1. Background to the tax rules
2. Property letting or trading?
3. Meeting the qualifying criteria
4. Capital expenditure
5. Tax on purchase of UK holiday lettings
6. Ownership structuring for a furnished holiday lettings business
7. Selling a holiday letting
8. Holiday lets and exemption from inheritance tax
9. Succession planning for furnished holiday lettings
10. Holiday letting in the EEA
11. Non-UK resident owners of holiday lettings
Table of legislation
Index of cases
Geographical index
General index

Series: Claritax Books

Cryptocurrency and Other Digital Assets: Tax Law and Practice ISBN 9781912386536
To be published June 2022
Claritax Books
£80.00
Taxpayer Safeguards and the Rule of Law 2nd ed ISBN 9781912386512
To be published February 2022
Claritax Books
£85.00
Tax Appeals: Law and Practice at the FTT 5th ed ISBN 9781912386604
To be published February 2022
Claritax Books
£85.00
Discovery Assessments: How to Challenge Them 3rd ed ISBN 9781912386598
Published January 2022
Claritax Books
£85.00
Construction Industry Scheme: Guidance and Commentary 3rd ed ISBN 9781912386451
Published November 2021
Claritax Books
£80.00
Personal Representatives: A Guide for Tax Practitioners 2nd ed ISBN 9781912386413
Published August 2021
Claritax Books
£85.00
Schedule 36 Notices - HMRC information requests ISBN 9781912386499
Published July 2021
Claritax Books
£85.00
Capital Allowances 2021-22 ISBN 9781912386376
Published May 2021
Claritax Books
£95.00
Inheritance Tax: Lifetime Transfers and the Death Estate ISBN 9781912386345
Published October 2020
Claritax Books
£95.00
Pension Tax Guide 2020-21 ISBN 9781912386369
Published August 2020
Claritax Books
Out of print
Financial Planning with Trusts 2020-21 ISBN 9781912386338
Published August 2020
Claritax Books
Out of print
Out of print
Taxation of Partnerships ISBN 9781912386314
Published June 2020
Claritax Books
£85.00
Main Residence Relief 3rd ed ISBN 9781912386239
Published April 2020
Claritax Books
£80.00
Capital Allowances 2020-21 ISBN 9781912386284
Published April 2020
Claritax Books
Out of print
A-Z of Plant & Machinery 2020-21 ISBN 9781912386277
Published April 2020
Claritax Books
Out of print
Living and Working Abroad ISBN 9781912386260
Published February 2020
Claritax Books
£50.00
Property Investment: A Tax Guide ISBN 9781908545749
Published October 2019
Claritax Books
£95.00
Tax Appeals: Law and Practice at the FTT 4th ed ISBN 9781908545879
Published June 2019
Claritax Books
Out of print
Capital Allowances: 2019-20 ISBN 9781912386192
Published May 2019
Claritax Books
Out of print
A-Z of Plant & Machinery 2019-20 ISBN 9781912386215
Published May 2019
Claritax Books
Out of print
£80.00
Out of print
Personal Representatives: A Guide for Tax Practitioners ISBN 9781912386116
Published March 2019
Claritax Books
Out of print
Stamp Duty Land Tax: A Practical Guide 6th ed ISBN 9781912386178
Published March 2019
Claritax Books
Out of print
Discovery Assessments: How to Challenge Them 2nd ed ISBN 9781912386161
Published February 2019
Claritax Books
Out of print
Managing Risk: A Guide for Accountants and Tax Advisers ISBN 9781912386130
Published February 2019
Claritax Books
£40.00
Employment Status: A Tax Guide 4th ed ISBN 9781912386024
Published January 2019
Claritax Books
£85.00
Employee Share Schemes: Equity Reward for Private Companies ISBN 9781912386031
Published July 2018
Claritax Books
£85.00
Financial Planning with Trusts 2018-19 ISBN 9781912386109
Published July 2018
Claritax Books
Out of print
A-Z of Plant & Machinery 2018-19 ISBN 9781912386062
Published July 2018
Claritax Books
Out of print
Capital Allowances: 2018-19 ISBN 9781912386055
Published July 2018
Claritax Books
Out of print
Enterprise Investment Scheme and Other Venture Capital Reliefs ISBN 9781912386048
Published May 2018
Claritax Books
£70.00
VAT Registration: Unravelling the Complexities 2nd ed ISBN 9781912386000
Published February 2018
Claritax Books
£60.00
Construction Industry Scheme: Guidance and Commentary 2nd ed ISBN 9781908545954
Published November 2017
Claritax Books
Out of print
Furnished Holiday Lettings: A Tax Guide 3rd ed ISBN 9781908545732
Published June 2017
Claritax Books
Out of print
Residence: The Definition in Practice 3rd ed ISBN 9781908545817
Published January 2016
Claritax Books
Out of print
Research and Development: Maximising the Tax Relief ISBN 9781908545619
Published December 2014
Claritax Books
Out of print
Tax Chamber Hearings: A User's Guide 3rd ed ISBN 9781908545527
Published April 2014
Claritax Books
Out of print
PAYE: A Practical Guide 2012-13 ISBN 9781908545176
Published October 2012
Claritax Books
Out of print
Capital Allowances for Fixtures: 2012-13 ISBN 9781908545152
Published April 2012
Claritax Books
Out of print