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Caravan Rental

Didn't find your answer?

Hoping someone can help.

I have a friend who is renting out a caravan that they inherited.

The caravan isnt available on the site it is on for enough days to meet the FHL requirements so enter it on their land and property page.

In regards to the site rental this caravan is on can it all be claimed as an expense? Im sure i read years ago that you could only claim the rent in proportion to income. e.g if the site rent is £3k and rented out for 100 days out of a possible 200 then you would claim £3k/200*100.

Im now doubting this is correct and it is all claimable as its not used personally.

Has anybody ever dealt with this?

Replies (6)

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By Accountant A
23rd Jan 2020 21:57

lucas123 wrote:

Has anybody ever dealt with this?

A decent accountant should be able to help your friend.

There may be other expenses that can be claimed.

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By Tax Dragon
24th Jan 2020 06:30

Where's the caravan for the other 165/6 days of the year?

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By Tax Dragon
24th Jan 2020 06:30

What's on the site (what happens to the site) that the caravan has vacated during those 165/6 days?

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By lucas123
24th Jan 2020 08:15

Thanks for the replies. The site is closed and as such caravan not available for the other days

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Lone Wolf
By Lone_Wolf
24th Jan 2020 09:38

It amazes me how many "friends" will take the time out of their day to post about such tedious matters as their "friends" tax affairs. It amazes me further the level of detail they seem to know about the arrangements as well.

Hmm... I guess that's one of the downside of being a "Lone" Wolf... no friends to deal with administrative matters for me :(

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By Joe Alderson
24th Jan 2020 09:50

There is a lot more to consider than what is included in your OP, your friend really would benefit from paid advice for this.

It could save him a lot more than the cost of the advice especially if your friend gets it wrong and HMRC open up a Compliance Check before he decides to pay an accountant (this happens far too often and people end up out of pocket twice, once to pay HMRC's penalties and then to pay the accountant to help bring the case to a close before it gets worse).

This isn't a quick straightforward answer unfortunately, more info and considerations are required.

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