Finance Bill 2011: Changes to the furnished holiday letting regime

Tax editor Rebecca Benneyworth offers a technical summary of the changes to furnished holiday lettting rules outlined in this week's draft Finance Bill 2011.

AccountingWEB.co.uk was one of the 229 respondents to the consultation on the new furnished holiday letting accommodation rules. The documents published on 9 December include a summary of the consultation responses and draft legislation for the Finance Bill 2011.

It would seem that the balance of the responses were fairly spread across the various areas government was consulting on – there was no large majority of views one way or another, so in summary most of the proposals will be carried forward. In summary these were originally set out as follows:

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Comments

Sir Humphrey Appleton is still there

Trevor Scott | | Permalink

You could ask why the government's claimed commitment to tax simplification hasn't significantly impacted the proposals to make them quick, simple and cheap to operate.

New FHL rules - any news following the 13th December meeting?

harryhoundog | | Permalink

Any further development in the proposed rule changes to Furnished Holiday Lettings taxation - or will it all be in the budget in 23 rd March?