Furnished holiday lettings: other points
Property only partly used as Furnished Holiday Lettings
If only part of a property is let as furnished holiday lettings, an apportionment between the part so used and the remainder should be made on a just and reasonable basis. In particular, the approach taken for the purposes of TCGA92/S52 (4), see CG74150+, should be followed.
Private residence Relief
Where a property which
- has been used for furnished holiday lettings, and
- whose acquisition cost has been reduced as a result of roll-over relief under TCGA92/S152 orTCGA92/S153
qualifies for private residence relief, see CG64200+, a special rule applies, see CG61452.