With different tax statuses versus traditional buy-to-let, and an opportunity to further diversify your portfolio, a furnished holiday let (FHL) could be just what you need to beat the January blues. Not only do you get a holiday home that pays for itself in rent, but you also get a furnished turnkey property in a stunning location for you and your family to enjoy. Plus, holiday homes can be even more profitable when you take advantage of their special tax statuses.
Furnished homes have moved to the forefront of the property market recently, with over 75% of adults planning to staycation over holiday abroad. Their quick rise can be attributed the many appealing factors – pet-friendly, garden space, off-road parking – and are a much more afforable option compared to the alternative.
Surrounded by the natural beauty of Swaledale Valley in the world-famous Yorkshire Dales, these exclusively-discounted holiday lets give investors a chance to own a slice of luxury that can be used for both personal and professional use. The properties must be available for commercial holiday letting at least 210 days (30 weeks) per year to qualify for special tax advantages, but beyond that, owners are free to use them as they please. (For more information about the investment advantages of furnished holiday lets, read our blog article.)
With a solid 12-year rental history and a loyal clientbase already in place, each 3-bed lodge is well established within the area. An experienced management company sits on site and handles the day-to-day running of the homes, which follow an almost hotel-like stunning specification, meaning this is a largely hands-off investment. Due to their popularity, rentals are in already in place for 2020 with each unit taking bookings.
Set on the edge of the Yorkshire Dales, one of the UK’s most visited areas, the spectacular luxury lodges are permanent structures that have been ecologically built with timber frames and green roofs made from grass and sedum. They feature three spacious bedrooms with contemporary ensuite bathrooms and comprise a spacious, open-plan living area, a stylish state of the art kitchen and benefit from a glass aspect front wall that gives views across the valley.
Furnished homes have moved to the forefront of the rental property market recently, with over 75% of adults now planning to staycation (holiday in Britain) versus travel abroad. Their sharp rise can be attributed to factors such as the weak pound and holidaymaker’s environmental awareness, plus the many appealing elements – pet-friendly, garden space, off-road parking – and are a more affordable option compared to traditional alternatives.
Assetz Property and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisers before engaging in any transactions.
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