Part 4Property income
Chapter 6Commercial letting of furnished holiday accommodation
Definition
265Meaning of “commercial letting of furnished holiday accommodation”
1
A letting is a lease or other arrangement under which a person is entitled to the use of accommodation.
2
A letting of accommodation is commercial if the accommodation is let—
a
on a commercial basis, and
b
with a view to the realisation of profits.
3
A letting is of furnished holiday accommodation if—
a
the person entitled to the use of the accommodation is also entitled, in connection with that use, to the use of furniture, and
b
the accommodation is qualifying holiday accommodation (see sections 267 and 268).
4
This section applies for the purposes of this Chapter.