Policy paper

Furnished holiday lettings tax regime abolition

This measure explains the abolishment of the furnished holiday lettings (FHL) tax regime from April 2025.

• From: HM Revenue & Customs
• Published: 29 July 2024
• Last updated: 7 November 2024 — See all updates

Documents

Abolition of the furnished holiday lettings tax regime

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Draft legislation

PDF, 447 KB, 13 pages

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Draft legislation — accessible version

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Explanatory note

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Clarification on abolition of the furnished holiday lettings tax regime

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Details

This measure will abolish the furnished holiday lettings (FHL) tax regime from April 2025, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.

The government is publishing draft legislation to abolish the FHL tax regime. The documents include:

• a tax information and impact note (TIIN), which sets out what the policy seeks to achieve, and a summary of the expected impacts
• draft legislation
• an explanatory note which provides a more detailed guide to the legislation

Published 29 July 2024

Last updated 7 November 2024 + show all updates

1. 7 November 2024

   Clarification on the common issues surrounding abolition of the furnished holiday lettings tax regime has been added.

2. 30 October 2024

   Exchequer impacts have been updated in line with Autumn Budget 2024.

3. 29 July 2024

   First published.