Did today's Budget spook you? Let's see what tricks we ended up with....
With 7 months to go before Furnished Holiday Lets (FHL) are taxed the same as all other property rents (ASTs), what should you as an owner of a Furnished Holiday Let do before 6 April 2025? If anything?
If the polls are right, there’ll be a change in majority government on 4 July. If so, there’ll likely be a Budget later in July, which due to the stretched public finances and Labour ambitions, is expected to increase taxes for some. [EDIT: Labour has confirmed there won't be an emergency Budget in July].
What actions might you take before 4 July to help ensure you’re not caught out by these changes?
With the tax year ending 5 April 2024 fast approaching, please do check what tax planning action you might take: