Airbnb sign © Jeff-Blackler_REX_Shutterstock© Jeff-Blackler_REX_Shutterstock
Furnished holiday lettings (FHL) (an official HMRC designation), attract tax benefits and can be relatively cheap and easy to establish. However, their quality, marketing and an informed understanding of planning and tax implications are essential for success. Simon Foster, director of Savills’ commercial heritage consultancy gives his advice on what makes a successful Furnished Holiday Let, or FHL. What to offer FHLs may be created in converted outbuildings, rural cottages or farmhouses, and the first consideration is what to offer. […]