265Meaning of “commercial letting of furnished holiday accommodation”U.K.
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(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.