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Post Info TOPIC: Holiday let accounts


Guru

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Holiday let accounts
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Hi I have a new client coming to see me on Tuesday who has a holiday let. I don't know much about holiday let accounts at all, I do have another client who has a holiday let but they have an accountant and I only do the very basic bookkeeping for them.

Can anyone suggest where I can find more info on accounts for holiday lets and what expenses can and can't be claimed etc? I'd quite like to know what I am talking about when they come and see me on Tuesday too confuse

Thanks in advance for any ideas

 

Rachel



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Rachel



Veteran Member

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Hi Rachel,

Have a look at the UK Property Income (SA105) notes and Furnished Holiday Lettings (HS253)on HMRC, this will give you a starting point.



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Julie Johnson

Domino VAT Accounting Ltd



Master Book-keeper

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Oh you beat me too it Julie - was just about to say there is tons of stuff on HMRC to get you started. BUT dont take anything from a few other google searches without double checking it all out as there were changes a couple of years back!

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Guru

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Thanks very much Julie and Joanne, I'll look over those pages he cancelled Tuesday so I have a few more days

Thanks again


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Rachel

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