- 100% annual investment allowances can still be claimed this year
- Losses in the furnished holiday let businesses can be carried forward beyond April 2025
- Existing pools of allowances as at April 2025 can continue to be claimed beyond that date
To maximise the the available tax savings we recommend the following:
- If acquiring or improving FHLS incur as much expenditure prior to April 2025
- Check Capital Allowances claims have ben made on all historic expenditure
- Request advice on current and historic property purchases as many FHL owners overlook claiming on this expenditure, which can be the equivalent to 20% of the purchase price