COVID-19 prompts high demand for UK holidays

Demand for self-catering accommodation from a public weary of lockdown restrictions is high and the asking prices reflect this. If you own additional property in the UK, there has never been a better time to consider whether a FHL is the right investment.

In this Active Practice Update we consider:

  • The tax treatments of FHLs
  • Calculating your profit/loss
  • Qualifying as an FHL
  • COVID-19 and FHL status

If you would like to discuss in more detail any of the issues raised with a member of our team, please call 01772 741200