On 6th April 2010 the rules for furnished holiday letting accommodation will be repealed.  Currently, the owners of such properties can claim for business expenses, loss relief, capital allowances, and Landlords Energy Saving Allowance (LESA), as well as capital gains tax relief (including business asset roll-over relief and entrepeneurs' relief).

These rules also apply to owners of furnished hoilday accommodation in the European Economic Area (EEA) who are liable for UK tax, providing the property meets the required criteria.  The property should be available to rent for at least 140 days each year and must be let on a commercial basis for 70 days.

Anyone wishing to sell their property should consider doing so before 6th April, and Landlords should also think about completing refurbishments and repairs before this date.