Friday, 25 May 2012

Changes to French Furnished Holiday Lets Criteria

CompleteFrance.com report on Changes to furnished holiday lets criteria, set out in last year’s Finance Bill have now come into force.

The eligibility thresholds to qualify for furnished holiday letting tax (FHL) reliefs have increased, with the annual minimum that owners of holiday lets in the UK and EEA needing to let their property increasing from 10 weeks (70 days) to 15 weeks (105 days). Furthermore, whereas previously a property had to be available to let for an annual minimum of 20 weeks to qualify, it must now be available for 30 weeks (210 days).

Kate Stinchcombe-Gillies, of holidaylettings.co.uk says: ”Filling the additional five weeks a year may seem daunting, but demand for holiday villas and cottages continues its growth in popularity and is currently tracking at 20% ahead year to date. The growth in demand, along with improved marketing, should help owners achieve the extra weeks’ rental they need to continue claiming the FHL tax benefits.”

Complete article: Owners of French holiday lets primed for change

Browse some holiday lets in France: Video

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