if your a property investor you may potentially be unaware of this definitely worth reading👇👇   the rules that allowed generous tax relief for furnishings, appliances and fittings have ended. You can still claim Replacement of Domestic Items Relief, including: • Replacing a worn-out sofa • Replacing a fridge or freezer • Replacing beds or mattresses   Selling your property   Special FHL Capital Gains Tax reliefs no longer apply. If you sell your holiday let, any gain will be taxed at the standard residential property CGT rates.   How losses are treated   Holiday let losses now form part of your general property business. These losses can be carried forward and set against future rental profits.   Running costs you can still claim   The following deductible running costs are unchanged: • Repairs • Cleaning • Utilities • Maintenance • Insurance • Platform or agent fees (for example, Airbnb service fees)   What should small hosts and new landlords do now?   Review how the 2025 rule changes affect your rental plans. Check that your record keeping and tax reporting reflect the new rules. Speak to a tax adviser if you are unsure how these changes apply to you.

Posted by daz555 at 2026-07-15 23:33:03 UTC