As a capital allowances claims company we undertake a lot of claims on furnished holiday lets (FHLs). For FHLs we know there is a clear critearia for when they qualify, so establishing an entitlement to claim is made a lot easier. However, in recent years, a lot of investors are approaching us to claim on what they refer to as Serviced Accomodation. However we have been reluctant to consider undertaking capital allowances claims on such properties unless, as a minimum, they meet the same critearia as furnished holiday lets i.e. predominently short term lets over 105 days per annum and available for 210 days per annum.
I get the feeling that there may be other capital allowances claims companies who are not taking such as cautious approach but I cannot see how Serviced Accomodation can be separated from the same criteria as for FHLs as the service being provided is broadly similar. My question is do you think we are missing something in our thinking or would you agree with our approach?