Furnished Holiday Lettings — reminder of changes

The Furnished Holiday Lettings (FHL) tax regime was abolished on 1 April 2025.

With the new tax year approaching, we would like to remind to all affected tax payers about how these changes will apply going forward.

From April 2025, income from Furnished Holiday Lettings is no longer treated separately for tax purposes. Instead, it will be combined with a taxpayers’ s other UK or overseas property income and taxed under the same rules as other property income.

The new changes apply from:

• 1 April 2025 for Corporation Tax and Corporation Tax on capital gains

• 6 April 2025 for Income Tax and Capital Gains Tax

Starting with the 2025 to 2026 tax year, all property income, even income that was previously classified as FHL, must be declared according to the new rules on the Self-Assessment tax return.

The first return reflecting these changes will be due by 31 January 2027.

If you would like further personal advice or help, please contact our team:

📞 0161 224 3510📧 info@aminandcoaccountants.co.uk 🌐 www.aminandcoaccountants.co.uk

Expert tax advice you can trust – Amin & Co Accountants, Manchester