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Net-Teams - Bookmark Tag lettings
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UK Holiday Letting And Tax
This article is meant as a guide only. Advice should be taken from a qualified person.Letting a fully furnished holiday home in the UK may mean the income made is treated differently than other rental income. Holiday lets are considered a business, where as other property letting income is classed as investment income.The are some tax incentives for holiday lets, but your accommodation must comply with inland revenue rules, referred to as “QUALIFYING TESTS” which are:...
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