Gail Gainley
Gail Gainley’s entry into the world of property investment reached a new peak with the sale of her first buy-to-let—a FHL. Her keen insight into the FHL market has positioned her to take full advantage of specific tax benefits associated with these types of properties. CJC Accountancy has been pivotal in crafting her tax strategy, ensuring that her investment aligns with the criteria to maximise returns. Gail’s portfolio is a testament to the rewards of informed property investment and the substantial benefits that come with precise tax planning.
Mastering the Furnished Holiday Letting (FHL) Market for Optimal Gains
If you’re investing in Furnished Holiday Lettings, consider the long-term perspective. Holding your FHL for at least two years may allow your gain on sale to be eligible for Business Asset Disposal Relief, significantly reducing your capital gains tax liability. This relief is designed for qualifying business assets, and FHLs can meet the criteria if they're rented out with sufficient occupancy levels. Strategic holding and accurate record-keeping are key to ensuring your eligibility for BADR when it's time to sell. CJC Accountancy can guide you through the nuances of this process, helping to secure the best possible outcome for your investment.