B & B accounts
jilt
Registered Posts: 2,903 Beyond epic contributor 🧙♂️
Think I'm having a blonde moment this afternoon! A B & B is not the same as a furnished holiday let right? A FHL would be a self catering holiday cottage?
Am trying to get my head around capital allowances for a B & B and can't find anything specific to them.
Am trying to get my head around capital allowances for a B & B and can't find anything specific to them.
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Comments
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A B&B is the same as any sole trader or at least thats how I've always treated them. Its no different to a hotel0
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A B&B is the same as any sole trader or at least thats how I've always treated them. Its no different to a hotel
Yep. B&B is not a FHL.
Just treat like any other trade - it's a trade, not land and property income - that is the distinction, I believe.
Though you have me questioning now when renting a room for 2 nights (a la low level b&B) at a weekend moves from land and property to a trade.
My head hurts this morning!0
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