Section 17 Furnished holiday lettings businesses
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(1) In this Part “furnished holiday lettings business” means [a UK property business ...1 which consists in, or so far as it consists in, the commercial letting of furnished holiday accommodation.]2
Amendments
1 Omitted by Corporation Tax Act 2009 section 1322 and Schedule 1 Part 1 para 474 and repealed by Corporation Tax Act 2009 section 1326 and Schedule 3 Part 1 for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
2 Substituted by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 524 from 6 April 2005.
(2) All commercial lettings of furnished holiday accommodation made by a particular person or partnership or body of persons are to be treated as one qualifying activity.
(3) For the purposes of income tax the “commercial letting of furnished holiday accommodation” has the same meaning as it has for the purposes of Chapter 6 of Part 3 of ITTOIA 2005.
For the purposes of corporation tax the “commercial letting of furnished holiday accommodation” [has the same meaning as it has for the purposes of Chapter 6 of Part 4 of CTA 2009 (see section 265)]1.
Amendments
Subs (3) inserted by Income Tax (Trading and Other Income) Act 2005 section 882(1) and Schedule 1 para 528(3) for 2005-06 and later tax years (for income tax purposes), and for accounting periods ending after 5 April 2005 (for corporation tax purposes).
1 Substituted by Corporation Tax Act 2009 section 1322 and Schedule 1 Part 1 para 474 for 2009-10 and later tax years (for income tax and capital gains tax purposes), and for accounting periods ending on or after 1 April 2009 (for corporation tax purposes).
(4) If there is a letting of accommodation only part of which is holiday accommodation, such apportionments are to be made for the purposes of this section as are just and reasonable.
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