Setting up an FHL in 2024/25

I have read the guidance at: https://www.gov.uk/government/publications/furnished-holiday-lettings-tax-regime-abolition/clarification-on-abolition-of-the-furnished-holiday-lettings-tax-regime FHLs commencing in 2024/25 will be able to have the day count tests (105 days let and 210 days available) run into the 2025/26 tax year. Does this mean in theory that capital allowances claims could still be made if for example I was to first let an FHL on the 1st of March 2025? A follow up would be, if I bought a property on say 1 August 2024 with an intention to let it out as an FHL but only had the first let on the 30 March 2025, would pre-trading expenditure be allowable?

Hi Mike B,
 Special treatment of FHL for capital allowances purposes no longer applies on or after 6th April 2025.
As per your question, if commencement was 1st March 2025 then treatment before the repeal would be in effect as per PIM4180 here:  PIM4180 - Repeal of Furnished Holiday Lettings rules : Capital Allowances.
On the basis that pre-trading expenditure was wholly and exclusively for the purpose of the rental business and meets the special rules set out in PIM2505, then would be allowable:
PIM2505 - Beginning and end of a rental business: commencement
Thank you.