Part 2

Plant and machinery allowances
Chapter 2

Qualifying activities

Furnished holiday lettings businesses
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1
In this Part “furnished holiday lettings business” means a Schedule A business in so far as it consists of the commercial letting of furnished holiday accommodation in the United Kingdom.
2
All commercial lettings of furnished holiday accommodation made by a particular person or partnership or body of persons are to be treated as one qualifying activity.
3
“Commercial letting of furnished holiday accommodation” has the meaning given by section 504 of ICTA.
4
If there is a letting of accommodation only part of which is holiday accommodation, such apportionments are to be made for the purposes of this section as are just and reasonable.