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.
- What are my legal responsibilities 305 14
- Business lending another business money (UK) 72 2
- Rental business through company without owning the property? 330 4
- No more tax returns... 1,531 13
- How much state pension will client lose out if drops salary 410 6
- Signed accounts for bank 264 7
- Companies House paper incorporation - date of birth omission 471 10
- Landing clients 400 15
- Are any of you members of The Institute of Financial Accountants - Accountnats certificate 1,146 22
- Termination Payment 187 5
- dividend date - whose income is it? 196 3
- CRM / marketing 103 2
- Allocation of income from property 754 26
- Stand alone practice management software 1,879 28
- Opening a Quick books file 120 1
- 64-8 problems 517 8
- Guaranteed rents - which is the turnover? 349 10
- Payment on account reminders 242 3
- Intercompany Payroll Journals 118 3
- Hello 519 4