Saturday, May 25, 2024

Areas worst-hit by the furnished holiday lets tax clampdown


Investors are braced for another clampdown on property investing after chancellor Jeremy Hunt announced plans to abolish the furnished holiday lets (FHL) tax regime, but which areas could be most affected?

Renting a holiday home previously provided a viable alternative to buy-to-let as investors had special perks letting them continue to claim mortgage interest relief, expenses for property costs and pay 10% capital gains tax when selling.