How the End of FHL Tax Relief Affects Holiday Let Owners

Host Planet: Expert Insights for Short-Term Rentals

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21d ago 26:34

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In this episode of Host Planet Bitesize – powered by Hostfully – Matt Jeffery from Zeal Tax breaks down the recent changes to the Furnished Holiday Lettings (FHL) tax regime and what they mean for short-term rental owners and investors. With the FHL regime being abolished in April, many hosts are left wondering how this will affect their current tax position, future investments, and overall profitability.

Matt provides practical advice on navigating the transition, from understanding the impact on capital allowances to strategic planning for future tax efficiency. His key message? Don’t panic – there’s still time to take action and protect your financial interests.

Key takeaways:

1. The FHL regime may be gone, but capital allowances are still in play. Owners can still make claims before their next tax return is due, ensuring they don’t miss out on valuable relief.

2. New investors need to rethink their approach. The changes will affect how properties are evaluated for tax purposes, making early advice and accurate structuring essential.

3. STR businesses should step up and support their clients. Property managers and industry professionals need to educate their owners about the implications of these changes and encourage proactive tax planning.

1:04 What changed in April?

3:43 What does it mean for current holiday let owners?

5:57 The implications for new holiday let investors

8:05 James’s kitchen question

9:38 The biggest issues owners are facing

16:24 There is still time to claim capital allowances!

19:29 Can you offset capital allowances against a capital tax gains bill?

20:41 The amount of capital allowances you could expect from the average property

21:58 What STR businesses should be doing to help their clients

24:00 Matt’s message: don’t panic!

25:14 Register for Holiday Let Success: https://www.hostplanet.club/events

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Host Planet: https://www.hostplanet.club/

James Varley: https://www.linkedin.com/in/jdsvarley/

Matt Jeffery: https://www.linkedin.com/in/matt-jeffery-156a8245/

Zeal Tax: https://gozeal.co.uk/services/industries/host-planet-furnished-holiday-lets/

Call: 01633 287898

Email: [email protected]

Episode to check next: Where To Buy A Holiday Let In The UK: https://www.youtube.com/watch?v=YsndRmmn6VU&t=3s

The Host Planet Podcast is presented by James Varley, a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including a decade leading corporate communications for the FIFA World Cup Qatar 2022.

Contact the show: [email protected]

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