16:19 PM, 4th February 2021, About 8 months ago 3
I have several family houses let on ASTs and now old age is approaching and taking into account various tax positions, IHT, CGT etc as they are all in high demand tourist areas and would easily let as holiday or air BB accommodation I wonder if this is time to change.
I was looking to eventually end the tenancies and use the houses as holiday lets as I understand this would then be a business as opposed to residential lettings the latter of which the tax man does not look on as a business.
Any thoughts or advice would be appreciated.
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