Letting holiday accommodation – the good and bad

The pros and cons of letting furnished holiday accommodation. When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from certain tax reliefs which wouldn’t otherwise be available to residential landlords, providing certain conditions are met. However, there are also several disadvantages associated with letting property as holiday… Continue reading Letting holiday accommodation – the good and bad

VAT – raise or lower the threshold?

The Association of Independent Professionals and the Self-Employed (IPSE) has called for the VAT threshold to be increased, in response to a government consultation. The current £85,000 threshold at which businesses must register for VAT has been frozen until 2020, while the government deliberates on its approach to the tax. Chancellor Philip Hammond considered lowering… Continue reading VAT – raise or lower the threshold?