A checklist for holiday let and B&B owners and their accountants – what changed when the furnished holiday lettings regime ended in April 2025, income and expenses records, finance costs, capital allowances, VAT, Making Tax Digital, joint ownership, business rates and capital gains tax.
Holiday lets, B&Bs & guest houses
Holiday Let Tax and Records Checklist (After the End of the FHL Regime)
About this document
From April 2025 the special tax regime for furnished holiday lettings (FHL) was abolished, so holiday lets are now taxed much like other property income. B&Bs and guest houses where the owner provides substantial services may still be trades. This checklist helps owners keep the right records and helps their accountant prepare accurate returns.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
A complete, ready-to-use document with every section written, your details shown in [square brackets], and guidance notes explaining how to complete it.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
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Holiday lets, B&Bs & guest houses
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Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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