Mike Appleyard

Thank you. You say a claim must be submitted by 5th April 2025. I would normally claim for allowable expenses etc. as part of completing my Tax Return for the 24/25 tax year which obviously cannot be filled in u til after 5th April 2025 Is the procedure for applying for embedded capital allowances different to simply putting the figure on the Tax Return ? Is there a particular form to complete and submit by 5th April 2025 ? Thanks in advance Mike

Hi, I can see from the documents posted at the following URL . . . https://www.gov.uk/government/publications/furnished-holiday-lettings-tax-regime-abolition#full-publication-update-history that as a result of the 2024 Spring Budget, there is draft legislation to bring the FHL tax regime in line with long term property rentals tax regime. Please can you confirm has this legislation actually been passed/approved and implemented and will come into force from April 2025. Specifically, is a new claim for embedded capital expenses now no longer possible? Understanding that existing claims for embedded capital expenses in place before 5/5/25 will carry forward. Regards Mike