GSGood Sheets

Furnished Holiday Let Abolition Model

Keep it as a holiday let, switch to a long let, or sell — compared over ten years.

From 6 April 2025, HMRC abolished the Furnished Holiday Lettings tax regime. If you own a UK holiday let, the tax advantages you may have relied on — full mortgage interest relief, capital allowances on furniture and equipment, capital gains reliefs on sale, and counting profits toward your pension allowance — have gone, or changed significantly. This workbook helps you compare three realistic paths in one place, using your own numbers: keep letting it as a holiday let under the new rules, convert it to a standard long-term rental, or sell now.

What's in it

  • Three paths modelled: holiday let, standard let, sell now
  • Capital Gains Tax and Business Asset Disposal Relief
  • Mortgage interest under the post-abolition rules
  • Ten-year comparison dashboard
  • Quick-start guide (Word)

Formats

Microsoft Excel

An .xlsx file you download and keep. Works in Excel 2016 and later, and in Numbers and LibreOffice.

Google Sheets

Upload the .xlsx to Google Drive and open it with Google Sheets. Nothing to install.

More in Property & inheritance