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Key Update: FHL Regime Abolished from 6 April 2025
The Furnished Holiday Letting (FHL) regime has been abolished effective 6 April 2025.Previously, married couples or civil partners could split FHL income in any proportion, regardless of actual ownership shares.Now, income from jointly owned properties will default to a 50:50 tax split unless unequal beneficial ownership is declared.To maintain an unequal income split, couples must:…

