Tonia Simper
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FHL Losses
If a furnished holiday let property has brought forward losses and doesn't make a period of grace election and so is taxable as ordinary property income, if it meets the criteria to be a FHL in the following year will the losses previously accrued continue to be brought forward - the PIM isn't clear whether this would be seen to be a continuation of the original FHL business (within the 3 year period).