Furnished Holiday Let days
For FHL rules to apply on a UK/EEA property, the property must be available 140 days and actually let 70 days.
Assume someone is going away for one week tomorrow, 1 August. Their stay is 1 - 8 August. For the FHL criteria, would you regard that week as 7 days or 8 days? Obviously, if we're looking at nights, it's 7, but the legislation refers to days.
I've never had to ask this before, but am reviewing a potential FHL claim and it looks like it may be under the 70 days if we count each week's stay as 7 days (averaging may not help either).
Logically, my gut feeling is to say it should be 7 days, because:
a) 140 days is effectively 20 weeks
b) 70 days is 10 weeks
c) Presumably, in the above example, someone else may well be coming in for the next week 8 - 15 August, so you would end up double counting the Saturday of departure and arrival, if you took a week's let as 8 days.
I think I'm getting myself more and more confused here and it is Friday afternoon after all and so, would appreciate a second opinion.
- Insovent companies 840 18
- Rounding errors on CT600 97 4
- Entrepreneurs' Relief upon sale of a cash rich company 2,285 48
- BrightPay quirks 155 2
- Leaving the VAT FRS Scheme or trying to stay as long as possible? 80 1
- HMRC now overriding SA bank repayment details on tax returns 780 20
- Xerocon 2016 1,165 31
- Website Content 71 1
- Mortgage Reference 469 5
- Personal Tax 611 12
- New Build 142 1
- Claiming annual pension allowance top up in SATR 110 1
- Starting band for savings - for 2014/2015 143 1
- USA Tax Query 277 2
- Website costs (intangible assets) tax relief 422 5
- last minute request 628 6
- buying asset and settling vendor's debt 330 6
- Posting invoices with balance brought forward 363 7
- Disengagement Help! 1,721 25
- Is HMRC Basic Tools basically wrong? 984 6