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At last – a win for the tax payer on Furnished Holiday Letting (FHL) and IHT Business Property Relief (BPR) - PRs of Graham v HMRC [2018] UK FTT 306. Grace Graham ran a business from her home at [...]

The new rules for let property involve the gradual withdrawal of income tax relief on finance costs (essentially loan interest paid), with effect from 6 April 2017. There is time to plan a [...]

The decision of Mrs N V Pawson’s Personal Representative v HMRC [2012] UK FTT 51 has allowed a BPR claim on a FHL cottage.

Article by Julie Butler: Furnished Holiday Lets and April 2011 changes to offsetting income losses against general income created by capital allowances