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  • Tax

    Furnished Holiday Let Availability Condition

    Hello

    I know from this forum that to qualify as an FHL the property must be available for at least 210 days a year. If a property is only available for this time can the interest payments and expenses in respect of the period it is not available still be offset against income for tax purposes? Or can you only claim the interest payments and expenses for the period when the property is actually available?

    Thank you
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    Dear Rob,

    Thank you for your message.

    Yes, it is quite common for there to be a period of time where the FHL is closed, perhaps for a short time in the Winter.

    In this instance, as long as you meet all the criteria to qualify the property for a FHL in the tax year, and also, there is no private use whilst the property is unavailable, then you may claim the interest costs for the whole year.

    You may find our past PT feature on Furnished Holiday Lets useful, which can be viewed by clicking here. This also sets out full details of the other criteria which needs to fulfilled as well as the availability condition.

    Hope that helps and best wishes,

    RITA4Rent
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    RITA4Rent (Rental Income Tax Advisors)

    Specialists in Landlord Taxation

    Recommended tax advisors of the Residential Landlords Association

    Follow us on Twitter @Rita4Rent

    clients (at) rita4rent (dot) co (dot) uk

    http://www.rita4rent.co.uk