Unsure whether to switch from Airbnb to Long term let

Newheight13

Hello,

Currently have a Airbnb with a 5 star rating but have a nice guest who wants to let it long term. As the holiday met rules are changing next April, I’m wondering whether to change! 

Rent is 1300PCM and the Airbnb makes 100-200 more including expenses. I’m concerned that if I do switch, when I come to sell I’ll lose the holiday let tax advantages and end up paying more CGT. 

Any thoughts please?! 

badmemory

Positives - no airbnb charges & full time letting.  Negatives - loss of holiday let tax advantages & CGT charges.  Also as a positive no finding you have suddenly housed some jobs who wrecked the place.

Bookworm105

bottom line is you need to do your own sums to evaluate the financial difference now and then play guessing games regarding future taxation policy.
Some may say that any colour government seems to regard private landlords as disliked by voters so making them easy targets for more tax raising changes.

born_again

https://forums.moneysavingexpert.com/discussion/6518872/holiday-let-and-long-term-let-in-same-year#latest

Is this the same place?

anselld

As I said on one of your several other threads on the same subject ... don't let the tail way the dog.