328Earned income and relevant UK earnings for pension purposes
This section has no associated Explanatory Notes
(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 treated as—
(a)earned income under section 833(4)(c) of ICTA, or
(b)income regarded as relevant UK earnings for pension purposes under section 189(2)(b) 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.