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ACCA - P6 > Furnished holiday letting > Flashcards

Furnished holiday letting Flashcards

1
Q

Defintion

A

Income from a property that is rented out.

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2
Q

COnditions (5)

A
  • In UK or EEA
  • It is let out furnished on a commercial basis
  • Is let out >105 days pa.
  • Available to let >210 days pa
  • Not occupied by the same person for >30 days pa.
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3
Q

Advantages

A
  • Applies for ER, Gift relief, RR
  • Counts as relevant earnings for pensions
  • Cap allowances on all P&M and furniture
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ACCA - P6 (18 decks)

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