Reading Time: 6 minutes Following the Government’s March 2024 announcement on removing the Furnished Holiday Letting (FHL) rules, there is a growing trend towards holiday let investors looking to transfer or buy a holiday let via a limited company. This article provides an overview of the steps involved in purchasing or transferring a holiday let into a limited company structure in the UK. We’ll …
Reading Time: 6 minutes The holiday letting industry is constantly evolving and to stay on top of the latest developments you must dedicate time to acquiring the knowledge to grow your holiday letting business. This can be hard when you’re busy managing your holiday let and the sheer number of resources available overwhelms you. We have done the legwork for you and compiled this …
Reading Time: 4 minutes For travellers looking for somewhere to stay, the choice of holiday cottages to choose from can be overwhelming. Historically, travellers have used tourist board star ratings to evaluate accommodation – but are they still relevant when people are influenced by online reviews? Applying for a star rating isn’t cheap, plus the thought of your holiday cottage being scrutinised by an …
Reading Time: 3 minutes Despite taking safety precautions and carrying out a risk assessment to reduce potential risks, there is still a possibility that a guest will be injured at your holiday home. Regardless of whether the injury is the guest’s fault (for example they have ignored your safety instructions or have been reckless) or the injury is due to negligence on the property …
Reading Time: 6 minutes There are many things to consider when booking a holiday cottage, such as which area to stay in, are the dates available, how much will it cost and what is there to do nearby. But there are a lot of extra considerations for those with disabilities that make finding the perfect place to stay complex. Their priority is to find …
Reading Time: 5 minutes As a short-term holiday letting host, maintaining a clean and healthy environment for guests is essential. Therefore, most holiday home owners understandably choose not to permit smoking indoors. Smoking leaves a lasting smell, it can damage your furniture, furnishings and is one of the main causes of accidental fires around the home. The smell of smoke in a non-smoking holiday …
Reading Time: 2 minutes Furnished holiday lets tax relief abolished Jeremy Hunt, the Chancellor of the Exchequer, has announced in his 2024 budget that he will abolish the furnished holiday lettings tax regime. Currently, holiday let landlords enjoy far greater tax advantages than buy-to-let landlords who let out residential properties to longer term tenants. They are entitled to deduct more costs including; costs incurred …
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