taxassist-shrewsbury

There was no U-Turn on the planned changes to taxation of Furnished Holiday Lettings (FHL). This means that there will be no distinction in tax law between a conventional buy to let and a property used primarily for running a self-catering holiday business. There is an opportunity to sell a FHL before 5th April, 2010 and claim entrepreneurs relief on the capital gains tax. This won't be possible after that date.