I'm thinking of converting a buy-to-let property into an Airbnb. What are the tax implications (VAT, income tax, capital gains) of switching from long-term to short-term letting under the new regulations?
Quick Answer
Switching a buy-to-let to an Airbnb changes its tax treatment, impacting income tax, capital gains, and potential VAT obligations. Understanding Furnished Holiday Let rules is crucial for navigating these implications.
About This Topic
Understand UK tax implications for converting buy-to-let to Airbnb: FHL benefits, mortgage interest relief, CGT, VAT, and key pitfalls.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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