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? 

Today's spring Budget 2024 was a worker's Budget. There were many changes encouraging us back into work. Not just the reductions in National Insurance but also aiming to deal with certain perceived unfairness to help us all feel better about bothering to turn up:

With the spring Budget less than two weeks away, it's easy to forget some major changes due to come in this spring unlikely to be changed by the Chancellor. 

Property Interest Tax Relief - Full restriction

Four years ago this seemed a long way off, but we're now here. From April, there will be no tax deduction for interest on your buy-to-let mortgage. You'll get a calculated tax credit at 20% offset against your tax bill, but your taxable income is reduced only by repairs, professional fees, void period costs, etc.

This means you're more likely to find yourself in the higher rate tax band than before or having to pay back child benefit. Or even at the £100k threshold where your tax free personal allowance starts to get taken away. 

With many changes announced even before this Wednesday's Budget, it's worth checking through these five items in case you want to take action before the end of the month/5 April: