HCH Bitesize 012: Key facts about holiday let taxes

Holiday Cottage Handbook

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During HCH Bitesize, a podcast series brought to you by Holiday Cottage Handbook and Hostfully, we delve into essential topics for the short-term rental industry. Each week, we invite expert guests who share valuable insights and practical advice to help you enhance your knowledge and build a successful property management business.
In this essential episode, we’re joined by Matt Jeffery, Tax Partner at Zeal, to discuss five crucial facts about holiday let taxes every UK homeowner and investor needs to know.
With the potential abolishment of the furnished holiday lettings tax regime on the horizon, Matt unpacks what this change could mean for your finances and shares actionable advice to help you stay ahead.
If you own or invest in short-term rentals in the UK, this is a must-listen episode to navigate tax complexities and protect your profits.
2:01 Tip No. 1: claim your capital allowances
3:20 Example capital allowance savings from a £200k purchase
5:32 Capital allowances can be used against any UK property income
6:26 Tip No. 2: declaration of trust
8:37 Tip No. 3: pension contributions
10:05 Tip No. 4: business asset disposal relief
11:08 Tip No. 5: the right business structure
12:32 Contact Matt: https://gozeal.co.uk/services/industries/hch-furnished-holiday-lets/
Zeal is offering a FREE 15-minute consultation to people who mention Holiday Cottage Handbook at the point of inquiry.
Are you looking to streamline your operations and amaze your guests? Look no further than Hostfully! Try their top-rated property management software and award-winning digital guidebooks today. Join the thousands of satisfied property managers who trust Hostfully to grow their business: https://get.hostfully.com/46p7pafubra1
Holiday Cottage Handbook: https://www.holidaycottagehandbook.com/
Hostfully: https://get.hostfully.com/46p7pafubra1
James Varley: https://www.linkedin.com/in/jdsvarley/
Matt Jeffery: https://www.linkedin.com/in/matt-jeffery-156a8245/
Zeal: https://gozeal.co.uk/services/industries/hch-furnished-holiday-lets/ (free 15-minute consultation when you quote Holiday Cottage Handbook)
Got a comment or interested in being a guest on the show? Email [e-mail].