Part 3Property income
Chapter 6Commercial letting of furnished holiday accommodation
Separate profit calculations
327F2Relief: UK property business
1
If a UK property business consists of both—
a
the commercial letting of furnished holiday accommodation (“the furnished holiday lettings part”), and
b
other businesses or transactions (“the other part”),
this section requires separate calculations to be made of the profits of the furnished holiday lettings part and the other part.
2
The calculations must be made if—
a
section 248 or 249 of CAA 2001 (giving effect to allowances and charges) applies to the furnished holiday lettings part or the other part, or
b
F3c
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3
If there is a letting of accommodation only part of which is holiday accommodation, such apportionments are to be made for the purposes of this section as are just and reasonable.