Return to: Real Estate NewsHow To Claim and Maximize Capital Allowances on Your Furnished Holiday LetsThere's a lot of benefits that come with being the owner of a holiday property. When the holiday season is just around the corner, you and your family can spend a nice weekend relaxing at an eclectic cottage by the sea. Did you know that you can also reap financial benefits, capital allowances furnished holiday lets, and capital allowances commercial property? Here’s how you can claim and maximise capital allowances furnished holiday lets! Most commercial property owners fail to realise that they may be missing out on valuable tax relief. With the help of Custis Plumstone Associates, you can claim the maximum tax relief for your property. It's as easy as filling out an online questionnaire. This will allow you to estimate how engaging with our services can drastically improve your outcome. The services of Custis Plumstone Associates are offered to commercial property owners throughout the UK, as well as those seeking capital allowances furnished holiday lets. So, what qualifies as a furnished holiday lets (FHL)? It has to be furnished enough to make daily occupancy possible. The property must be available for rent at least 210 days yearly. The property has to be rented out for at least 105 days yearly. The property is not rented out to family or friends. If it's a short-term rental, it should not be rented out to a family member or one individual for more than 31 days. The property must be located in the UK or a country within EEA (European Economic Area). There are times when property owners often mistake an FHL with buy-to-let properties. To help you further distinguish the two, here are some descriptions of buy-to-let properties. Buy-to-let properties can be rented out for more than 31 days. Those who rent out buy-to-let properties have greater rights than those who rent out FHL. Those who rent out buy-to-let properties will have to pay for utilities unless there have been special arrangements. Landlords have no intention of using their buy-to-let properties. Now, that you know what qualifies as an FHL, what are some benefits of owning one? Capital allowances commercial property Pension contribution as FHL is considered a relevant source of earnings Business rates or council tax Capital gains tax relief (typically reserved for traders) How can Curtis Plumstone Associates help you claim your capital allowances commercial property? Curtis Plumstone Associates is a team of specialists who can assist you in the process of claiming your benefits. We have been making successful claims on behalf of our customers for years. Its team is dedicated to offering the best possible results for you. How do you apply? If you fit the description of an FHL property owner, then you may send us your details using the online form on our website at www.curtisplumstone.com. We will be reviewing the details you sent to ensure you are eligible for claiming capital allowances. If you want to learn more about our services, you may call us at 0800 201 4539. If you rent out a furnished holiday home, you might be qualified for capital allowances furnished holiday lets. Our team at Curtis Plumstone Associates can help you claim capital allowances commercial property. Contact us to ... News Release: How To Claim and Maximize Capital Allowances on Your Furnished Holiday Lets Submitted on: November 08, 2021 11:47:47 AM Submitted by: Stephen Alan On behalf of: www.curtisplumstone.com |