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Insurance Premium Tax 
Furnished Holiday Let owners will be pleased to know that the expected hike in their Holiday Home Insurance premiums due to an increase in IPT did not materialise. |
Emergency Budget 2010 - is it good news for Furnished Holiday Lettings ?
 Since 22 April 2009 (Budget 2009), HM Revenue & Customs (HMRC) has applied the current FHL rules to UK taxpayers with qualifying holiday lettings situated elsewhere in the European Economic Area (EEA). Such businesses can currently choose whether to be taxed under the FHL rules or under the normal rules for property businesses.
Read more including a link to Q & A's here
Read comments by Tax Specialist John Endecott of Accountants Winter Rule here
These arrangements will continue to apply for the tax year 2010-11.
The Government will publish a public consultation over the summer about plans to change the tax treatment of furnished holiday lettings from April 2011. The consultation will specifically look at a proposal which would:
Draft legislation will be published in the autumn, with a view to inclusion within Finance Bill 2011.
Read comments by Tax Specialist John Endecott of Accountants Winter Rule here
Read more including a link to Q & A's here
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Running a holiday let is not always plain sailing 
For this reason owners should consider their Holiday Home Insurance provider wisely. By choosing to partner with Boshers as your broker and Ecclesiastical Insurance as your underwriter, you will benefit from the following:
- read on here |
