Cox Furnished Holiday Accommodation Farm Tax Brief Form

Instructions and help about Cox Furnished Holiday Accommodation Farm Tax Brief

hi there it's louise harrington here from performance accountancy and this video is going to look at furnished holiday let's now furnished holiday let's are a special type of rental property and it entitles the tenant to occupy a fully furnished self-catering property for a limited period yeah might as well you know oh i've said that already now there are very strict rules as to what makes up a furnished holiday let and these must all be in place so as per the title the property must be furnished for its normal occupancy so what i mean by that it has a bed possibly bedding tv white goods lounge dining room furniture things like that so it must be fully furnished for normal occupancy it must be available for commercial letting to guests for at least 210 days a tax year and be actively promoted commercial let's the intention there is to make a profit that is a definition for commercial so if you have a member of your family living there at a reduced rate it is not a commercial letting an