We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA
Draft legislation and new policy paper set out
As announced in the Spring Budget, the furnished holiday lettings tax regime is due to be abolished from April 2025, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.
The draft legislation and explanatory note has now been published on gov.uk.