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FHL and Covid - are tests relaxed?

Apart from standard period of grace election are there other reliefs re qualifying?

Didn't find your answer?

Really as above, were there any special Covid measures brought in re qualifying days etc, or do we just rely on the customary period of grace notification to HMRC?

I have 111 lets/ 219 nights /365 nights available in 2019/2020 and 26 lets/67 nights /365 nights available  in 2020/2021.

Did a quick google but did not find any special covid rules but that does not mean they do not exist.



Replies (5)

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Replying to Wanderer:
paddle steamer
25th Jan 2022 17:18

Thanks- it appears no specific reliefs so will just insert a grace election.

Apart from possible BADR in future no real issue anyway as no interest costs to claim . Whether it will qualify re 2021/2022 not yet sure, I suspect it will be better than 2020/2021 but not convinced it will qualify (Edinburgh has been a lot quieter than the norm)

Thanks (0)
By legerman
25th Jan 2022 18:29

PIM 4110 has had the following added

“For the tax year 2020-21 the availability condition is satisfied if the person has made the property available for letting as furnished holiday accommodation for at least 210 days in the year even if COVID-19 restrictions prevented the property from being used.”

I would imagine the same will apply for 2022

Thanks (3)
Replying to legerman:
By Hugo Fair
25th Jan 2022 20:44

From memory, "availability" was temporarily redefined to mean "not unavailable due to a decision/action taken by the owner" - and therefore you're willingness to make it available overrides the impossibility of accepting bookings (due to Covid-related restrictions).

Thanks (4)
paddle steamer
26th Jan 2022 09:52

Thanks all, much appreciated.

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