Summary
Owning a second holiday property abroad often means friends, family and work colleagues will probably ask to rent the property from you for a week or so.
But the Association of Chartered Certified Accountants is warning that a friendly "mates rates" rental could be classed as taxable income.See the full content of this document
Extract
Holiday Lets May Bring Tax Hassle ; Legal & Finance
Chas Roy-Chowdhury, head of tax at ACCA, said: "However much you charge, the rental you as...
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