Important capital allowances update
Important capital allowances update
A time-sensitive opportunity for owners of furnished holiday lets to claim capital allowances before the April 5th deadline.
February 13, 2025

This week, Simon sits down with Ian from Six Forward to discuss a time-sensitive opportunity for owners of furnished holiday lets to claim capital allowances before the April 5th deadline.

Ian explains how property owners can benefit from tax relief on their properties by claiming capital allowances on the infrastructure and items within the property. He highlights the importance of acting quickly as the tax relief will no longer be available after the end of the current tax year, with significant savings possible for those who qualify.

If you have a furnished holiday let or are planning to purchase or refurbish a property, now’s the time to get in touch.

The information contained in this article is based on the opinion of Hive Business and does not constitute formal tax advice. Any tax outcomes will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future. You should seek specific advice before embarking on any course of action. Hive Business does not provide regulated Financial Advice, including advice on investment, insurance or lending products or their suitability for you. This article is provided for information only and does not constitute, and should not be interpreted as, investment advice or a recommendation to buy, sell or otherwise transact, or not transact, in any investment including Bitcoin and other crypto. Any use you wish to make of any information contained within this article is, therefore, entirely at your own risk.

By Simon Vincent Tax Director
If you have any questions or comments about this article, please get in touch.
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