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Issue:
4933
/
Categories:
Comment & Analysis
, FHL
, furnished holiday lettings
, Office of Tax Simplification (OTS)
, Land & property
What’s the plan?
Key points
- Furnished holiday letting rules will be abolished from 6 April 2025.
- There was no provision in Finance (No 2) Bill 2024 on FHL. Legislation is a matter for the next government.
- The key driver of policy now appears to be the impact of displacement of properties from long-term residential lets to holiday lets.
In his Budget speech on 6 March Jeremy Hunt announced the abolition of the furnished holiday letting (FHL) rules from 6 April 2025. While this announcement had been trailed in the Sunday Times on 3 March there was no supporting detail in the Budget announcement other than reference to anti-forestalling legislation. In fact there was probably more policy detail in the Sunday Times article than there was on Budget day.
This is not the first time that the death of the FHL rules has been announced. In his Budget on 22 April 2009...
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