Second Homes & Holiday Letting

There are many second homes and holiday businesses in the South Hams and Contacc Limited specializes in providing accountancy and taxation advice to second home owners and those wishing to let out their properties for all, or part, of the time.

The rules for calculating the taxable income for Furnished Holiday Lettings are slightly different to other types of property income, and there are many tax advantages associated with this particular form of property letting.

In response to demand from holiday letting agencies and clients, we have prepared a FAQ sheet on the Taxation of Furnished Holiday Letting, aimed at people wishing to let out their properties for the first time.

Withdrawing the Furnished Holiday Letting Rules from 2010-11

Contacc Limited’s director, Nikki Fothergill, also runs a holiday letting business at Higher Coombe Farm and so has a particular interest and expertise in this area. Their website is www.highercoombefarm.co.uk

Other Useful Links:     www.hmrc.gov.uk    www.mybusinessrates.gov.uk