Hi ClentHills,
Thank you for your question.
The property must be let commercially as furnished holiday accommodation to the public for at least 105 days in the year. If the property is not let for at least 105 days, you have 2 options to make elections that can help you reach the threshold,
1. The averaging election – if you own more than one property.
2. A period of grace election – if your property reaches the occupancy threshold in some years but not in others.
Further information is available at:
PIM4110 - Furnished holiday lettings: qualifying tests for 2011-12 onwards (IT and CT).
Thank you.