Section 265: Meaning of “commercial letting of furnished holiday accommodation”
953.This section defines the lettings that can benefit from the special tax treatment. It is based on section 504 of ICTA. The corresponding rule for income tax is in section 323 of ITTOIA.
954.It is not sufficient that the letting is simply of furnished holiday accommodation: it must also be “qualifying holiday accommodation”. Subsection (3)(b) provides a signpost to the sections that define “qualifying holiday accommodation”.