What are the changes?

Although the Furnished Holiday Let tax regime has been abolished, at the turn of the tax year earlier this year, it was confirmed that claims can be made in the 24/25 tax year, thus giving owners more time to secure their tax savings and cash rebates.

It will not be possible to make new claims from the 25/26 tax year.

As you will know, owners are being hit with different financial challenges, so the extension in the window to make capital allowances claims could provide a welcome lifeline for many.

What do you need to do next?

Given the average claim for FHL owners is around £35,000, we encourage Grandeur Property owners to review their Capital Allowances position via a free review with us at Eureka as soon as possible to make sure they unlock their tax relief entitlement before it's too late.

Get in touch with the Eureka team, speak with Rhys and mention that you heard about their services through Grandeur! They look forward to hearing from you and helping with any queries you have.