Holiday Home
Holiday Home
If you want to maximise the investment potential of owning a holiday home, here’s your essential holiday let financials.
With residential letting now fraught with new EPC regulations and landlords unable to deduct mortgage interest from their profits or claim Capital allowances, holiday lets are an increasingly attractive proposition for would be property investors, or those with an existing property portfolio. Our ownership advisors are very experienced in helping buyers understand how to make a successful holiday home purchase. And when it comes to maximising your tax savings, we can put you in touch with independent holiday home financial advisors.
Gwel an Mor luxury lodges can be purchased as Furnished Holiday Lets or FHLs. This means they are furnished properties that can be easily let for numerous short periods via our premier letting service.
Furnished holiday lets often attract more generous tax advantages than residential properties and the income is pensionable too.
• Furnished to enable everyday occupation
• Located in the UK or in another part of the European Economic Area (EEA)
• Rented for a minimum of 105 days per year
• Available to rent for a minimum of 210 days per year (Remember Gwel an Mor is open all year)
• Let to holiday makers and tourists, not your family and friends
• Short-term rentals, no longer than 31 days to one individual
or group
The Gwel an Mor Premier Letting service can help your holiday home to easily meet all of these requirements, enabling your holiday property to qualify for tax benefits that could save you up to 25% of your property value*.-
Want help with your numbers?
Our knowledgeable holiday home ownership team will help you go through the ‘buying a holiday home’ process step by step.
So, that when you are ready to buy your dream holiday home, you’ll also have all the financial knowhow to be confident that you’re making a great investment too!
*The 25% tax saving off the value of your holiday home has been estimated by tax and finance specialists, STax, and is subject to HMRC. This tax relief cannot be guaranteed by Cove UK.