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Podcast: Wealth Made Simple Podcast
Episode: Serviced Accommodation vs Furnished Holiday Lets
Description: Shaz explains the rules and restrictions of turning property purchases into serviced accommodation, focusing on the two models available - Furnished Holiday Lets (FHL) and Serviced Accommodation (SA).As he continues to tutor his live audience, Shaz explores the benefit of offering services to guests, what schemes are available to help property owners pay less tax, and how multiple properties can help to alleviate some of the restrictions of an FHL.KEY TAKEAWAYS A Furnished Holiday Let (FHL) must be made available for commercial letting for at least 210 days a year and rented out for a...