Capital Allowances: are you sitting on a substantial untapped tax windfall?
- Are you a landlord or property owner?
- Are you considering moving from long term AST rentals to short term lets?
- Could your property qualify as a Furnished Holiday Let?
What is it?
The lucrative short let market allows property owners to generate significant income. In addition, a short let that qualifies as a Furnished Holiday Let offers considerable tax advantages; one of the main - and little known - tax advantages is the ability to claim Capital Allowances.
How does it affect me?
A correctly supported Capital Allowance claim can mean that a Furnished Holiday Let will pay NO tax on its rental profits for many years. In fact the average capital allowances claim on a Furnished Holiday Let makes rental profits tax free for the first five years.