Holiday Let Owners Set to Miss Out On Thousands of Pounds in Unclaimed Capital Allowances

Owners of furnished holiday lets (FHLs) are being advised to review their capital allowances position urgently. The Furnished Holiday Let Tax Regime has been abolished, but industry specialists warn that there is a small window of opportunity to secure allowances to carry forward and secure thousands of pounds—before the rules change.

Owners still have until January 2027 to secure and claim them, but after this date, no new claims will be accepted.

These allowances relate to embedded fixtures within properties at the time of property purchase, such as heating systems, electrics, sanitary ware, and kitchens. Specialist surveyors are often required to identify these assets accurately, therefore this is not that sits within accountancy practice.

Why act now?

The combination of the upcoming tax year-end and the abolition of the FHL regime means time is running out.

Recent reviews have revealed that many owners who purchased holiday lets in recent years could be entitled to five-figure tax relief, despite assuming previous advisers had captured all allowances. A specialist review confirms what is available and ensures no qualifying relief is missed.

The process is straightforward: one call initiates due diligence, surveys, and valuations, followed by HMRC-compliant reporting for accountants to submit the claim. This approach minimises effort for owners while maximising potential benefits.

For more information or to arrange a free review, contact Eureka at 02922 80333 or email ryan@eureka-moment.co.uk.