Holiday Lets: how the new rules work - Citywire

Holiday Lets: how the new rules work - Citywire

Although new rules make it more difficult for property owners to qualify for the tax advantages of holiday lets, at least they bring certainty to the market and, hopefully, help stabilise prices.

New 'day count' rules
There is also an improvement in that once a holiday letting business has qualified under the new longer letting requirements, it automatically qualifies for the following two years regardless of how many weeks it is let. The owner may elect to treat the property as continuing to qualify for up to two later years, even though it does not meet the letting conditions. The election has to be made in the first tax year in which the letting condition is not met.