Furnished Holiday Let (FHL) Tax Returns
We help Cardiff holiday let owners file compliant FHL tax returns and navigate the recent regime changes. With nearly ten years of experience in property accounting, we'll make sure you claim every allowable relief and understand exactly how the new rules affect your rental income.
Everything under FHL tax returns
Whether you're filing your final return under the old FHL regime or transitioning to the new standard rental rules, we cover every aspect of holiday let taxation for Cardiff and South Wales property owners.
FHL Criteria Verification
Confirming whether your property qualifies under the 210/105-day letting rules for the 2024/25 tax year.
Capital Allowances Claims
Maximising deductions on furniture, fixtures and equipment before the April 2025 changes take effect.
Transition Planning
Helping you understand and prepare for the shift to standard property business taxation from April 2025.
Filing your FHL tax return in Cardiff
If you own a furnished holiday let in Cardiff or across South Wales, the recent changes to the FHL tax regime mean your 2024/25 return is more important than ever. We help property owners file accurate Self Assessment returns, claim the capital allowances and business reliefs still available for qualifying periods, and plan for the transition to standard rental taxation from April 2025.
We'll verify your letting criteria and make sure you're claiming everything you're entitled to before the old rules expire.
Our process starts with gathering your rental income and expense records for the tax year. We'll check whether your property meets the availability and occupancy thresholds (210 days available for commercial letting, 105 days actually let, no single occupier over 31 days). Then we prepare your Self Assessment return, including HMRC's HS253 helpsheet guidance, and file it before the 31 January deadline.
More information
What we include
Allowable expense calculations: We'll review your costs — maintenance, utilities, accountancy fees, travel to the property, setup costs — and ensure everything deductible is claimed. For properties still qualifying under the old regime, we'll calculate capital allowances on furniture, equipment and fixtures to reduce your taxable profit.
Specialist reliefs: If you're eligible for Business Asset Rollover Relief or other FHL-specific benefits for the 2024/25 year, we'll make sure those are applied correctly.
Post-2025 planning: From April 2025, your holiday let will be taxed as a standard property business. That means no special capital allowances, and profits no longer count as earnings for pension purposes. We'll talk you through what changes, what stays the same, and how to structure your bookkeeping going forward.
Common concerns we address
Many Cardiff holiday let owners worry they've paid too much tax or missed claiming reliefs they were entitled to. Others aren't sure whether their property qualifies under the FHL rules, especially if they let to friends or family at reduced rates (which disqualifies the property from the regime). We'll give you a clear answer and show our working.
If your rental turnover exceeds £85,000, we'll also advise on VAT registration and what that means for your pricing and compliance.
Why Cardiff property owners work with us
We're based in Cardiff and work with landlords across Penarth, Barry, the Vale of Glamorgan and the wider South Wales area. We understand the local holiday let market — whether you're renting a city-centre apartment during international events or a coastal cottage in the summer months — and we know the questions HMRC asks when reviewing FHL claims.
You'll have a named contact who returns calls and emails promptly, explains the tax position in plain English, and keeps you updated as the rules continue to evolve. No jargon, no surprises, and no missed deadlines.
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Property Portfolio Accounting
Rental income and expense accounting across multiple properties, with clean records, profitability by property, and HMRC-ready figures for returns and planning.
Property Portfolio Accounting→Buy-to-Let Tax Returns
Buy-to-let tax returns prepared and filed with clear guidance on rental income, allowable expenses and HMRC deadlines, so you stay compliant and pay the right tax.
Buy-to-Let Tax Returns→Landlord Accounting Services
Landlord accounting for rental income, allowable expenses and HMRC deadlines. Clear figures for Self Assessment, plus support for property sales and tax planning.
Landlord Accounting Services→Before you get started
These answers are specific to FHL tax returns and the recent regime changes affecting Cardiff holiday let owners.
Does my holiday let still qualify for FHL tax treatment in 2024/25?
What changes from April 2025?
Can I still claim capital allowances on furniture I bought this year?
What if I let my property to family or friends at a discount?
When is the deadline for filing my FHL tax return?
Do I need to register for VAT?
What records do I need to provide?
Can you help if I have multiple holiday lets?
Let's talk about your FHL tax return
Book a free consultation and we'll review your property's status, explain the regime changes, and confirm what we'll file on your behalf.
Book a free consultation