Furnished holiday lettings tax regime abolition

As announced in the Spring Budget, the furnished holiday lettings tax regime is due to be abolished from April 2025, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.

The draft legislation and explanatory note has now been published on gov.uk.

Comments on the draft legislation have been invited by HMRC, however members who have any feedback may wish to pass this on to ACCA by emailing ukpolicy@accaglobal.com.