Following the Spring 2024 budget which brought about changes to the Furnished Holiday Let (FHL) tax regime, holiday let owners are facing challenges to the traditional appeal of owning a holiday let. The government’s move to abolish the FHL tax benefits by April 2025 has prompted a re-evaluation of rental strategies for property owners. The […]
Tax
1) How do I pay the income tax? You will need to register with HMRC so you are issued with a tax return and to pay the income tax. You will be required to let HMRC know that you have rental income. You usually have until 6 October following the end of the tax year […]
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