Corporation Tax Act 2009 section 264

Overview of Chapter

Section 264 introduces the chapter dealing with furnished holiday accommodation lettings and explains that it defines what counts as a commercial letting of furnished holiday accommodation and how profits from such lettings are calculated separately.

• This chapter defines "commercial letting of furnished holiday accommodation" for both UK and overseas property businesses.
• The chapter provides methods for calculating profits separately for each type of furnished holiday letting business.
• The actual tax advantages available for qualifying furnished holiday lettings are set out in other legislation, not in this chapter itself.
• The equivalent rule for income tax purposes can be found in section 322 of the Income Tax (Trading and Other Income) Act 2005.