Updated Topics: August 2007

New and Updated Legislation Topics

This section gives you a quick guide to the topics within the Legislation Guidance section of the site that have been updated or added in the last month, enabling you to quickly identify new areas you may need to comply with.

Tax Status of Accommodation Businesses

In terms of taxation, there is a fundamental difference between the way HM Revenues and Customs (HMRC) treats holiday accommodation and standard rental properties. Having your property treated as a trade business, rather than a rental property, carries a number of advantages.

More information on these advantages available in the new Tax Status of Accommodation Businesses section.