Farm houses© Tim Graham/Robert Harding/REX/Shutterstock
Farmers are reminded that special tax rules are in place if they have holiday cottages which qualify as furnished holiday lets (FHL). UK farmers could benefit from a resurgence of the “staycation” in 2016, with more people choosing to holiday in the UK because of unfavourable exchange rates and concerns about events in Europe. Martyn Dobinson, senior manager at accountants Saffery Champness, said to qualify as an FHL the property must be located either in the UK or European Economic Area, […]