Furnished Holiday Let Consultation Period
The consultation period for the proposed changes to the Furnished Holiday Let rules closed on 22 October. The intention is to publish the government response and draft legislation by the end of the year, alongside a more technical paper detailing how the changes will be implemented.
The changes will be implemented in the 2011 Finance Act, to take effect from 1 April 2011 for companies and 6 April 2011 for individuals.
If you would like further details on the proposed changes and how they will affect holiday home owners then please contact us.