Georgina owns three holiday flats, all of which she lets furnished with a view to profit. None

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Georgina owns three holiday flats, all of which she lets furnished with a view to profit.

None of the flats is ever let to the same tenant for more than 31 consecutive days. The number of days for which each flat was available for letting during tax year 2020-21, and the number of days actually let, were:

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Show Georgina's potential averaging claims.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:02 AM

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Georgina owns three holiday flats, all of which she lets furnished with a view to profit. None

Question:

Flat 1 Flat 2 Flat 3 Days available 210 220 252 Days actually let 99 107 109

Step by Step Answer:

All three flats pass the 210day test However Flat 1 does not pass the 105day test and so will not b...View the full answer

Taxation Finance Act 2020

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