Part 4Property income

Chapter 6Commercial letting of furnished holiday accommodation

Introduction

264Overview of Chapter

1

This Chapter explains for the purposes of this Part what is meant by the commercial letting of furnished holiday accommodation (see sections 265 to 268).

2

It matters whether a UK property business consists of or includes the commercial letting of furnished holiday accommodation for the purposes of—

F1a

Chapter 4 of Part 4 of CTA 2010 (relief for property business losses: see section 65 of that Act),

b

certain provisions of TCGA 1992 (see section 241 of that Act), and

c

CAA 2001 (see, for example, sections 248 and 249 of that Act).

F22A

It matters whether an overseas property business consists of or includes the commercial letting of furnished holiday accommodation in one or more EEA states for the purposes of—

a

Chapter 4 of Part 4 of CTA 2010 (relief for property business losses: see section 67A of that Act),

b

certain provisions of TCGA 1992 (see section 241A of that Act), and

c

CAA 2001 (see, for example, sections 250 and 250A of that Act).

3

This Chapter also supplements F3the provisions mentioned in subsection (2) by providing in certain circumstances for the profits of the furnished holiday lettings part of a UK property business to be calculated separately (see section 269).

F44

This Chapter also supplements the provisions mentioned in subsection (2A) by providing in certain circumstances for the profits of the EEA furnished holiday lettings part of an overseas property business to be calculated separately (see sections 250 and 250A).