Part 3Property income
Chapter 6Commercial letting of furnished holiday accommodation
Separate profit calculations
328 Relevant UK earnings for pension F2 purposes: 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,
this section requires a separate calculation to be made of the profits of the furnished holiday lettings part.
2
The calculation must be made if the profits of the furnished holiday lettings part are F1relevant UK earnings within section 189(2)(ba) of FA 2004.
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.