Furnished Holiday Lettings (FHL) Update - Winter 2024-25

Introduction

Following an announcement in the Spring Budget 2024 by the previous government of repeal of the FHL regime from April 2025, draft legislation was published on 29 July 2024.

This webinar will run through the draft legislation, look at the impact on existing FHL landlords and explore whether disposal with CGT relief is still possible.

What You Will Learn

This webinar will cover the following:

• The conditions for FHL status
• The special tax reliefs available
• Impact of the repeal on existing FHL landlords
• Position regarding capital allowances claimed
• Position regarding unrelieved losses
• Position regarding jointly held property
• CGT transitional provisions regarding gift, replacement or disposal
• Anti-forestalling provision
• Or is the business a trade?
• Inheritance tax business property relief including Graham [2018] TC06536 and Cox [2020] TC07919
• Business rates update

This webinar was recorded on 2nd December 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.