Corporation Tax Act 2009 section 265

Meaning of "commercial letting of furnished holiday accommodation"

Section 265 defines what counts as a "commercial letting of furnished holiday accommodation" for the purposes of the special tax rules that apply to holiday letting businesses.

• A letting includes any lease or arrangement that grants someone the use of accommodation for commercial or holiday purposes.
• The letting must be conducted on a commercial basis, meaning it is carried on with the intention of making a profit.
• The accommodation must be furnished — that is, furniture must be provided as part of the holiday letting arrangement.
• The accommodation must also meet the definition of "qualifying holiday accommodation", which is set out in further sections of the Act.