264Overview of ChapterU.K.
(1)This Chapter explains for the purposes of this Part what is meant by the commercial letting of furnished holiday accommodation (see sections 265 to 268).
(2)It matters whether a UK property business consists of or includes the commercial letting of furnished holiday accommodation for the purposes of—
[F1(a)Chapter 4 of Part 4 of CTA 2010 (relief for property business losses: see section 65 of that Act),]
(b)certain provisions of TCGA 1992 (see section 241 of that Act), and
(c)CAA 2001 (see, for example, sections 248 and 249 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 section 269).
Textual Amendments
F1S. 264(2)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 602 (with Sch. 2)