Part 3Property income
Chapter 6Commercial letting of furnished holiday accommodation
Introduction
322Introduction
1
This Chapter explains for the purposes of this Part what is meant by the commercial letting of furnished holiday accommodation (see sections 323 to 326).
2
It matters whether a UK property business consists of or includes the commercial letting of furnished holiday accommodation for the purposes of—
a
section 312 (deduction for expenditure on energy-saving items: see section 313(3)),
b
Chapter 1 of Part 10 of ICTA (loss relief: see section 504A of that Act),
c
section 833(4)(c) of ICTA (income regarded as earned income: see section 504A of that Act),
d
certain provisions of TCGA 1992 (see section 241 of that Act),
e
CAA 2001 (see, for example, sections 248 and 249 of that Act), and
f
section 189(2)(b) of FA 2004 (income regarded as relevant UK earnings for pension purposes: see section 504A of that Act).
3
This Chapter also supplements the above provisions by providing in certain circumstances for the profits of the furnished holiday lettings part of a UK property business to be calculated separately (see sections 327 and 328).