Insights
We are the UK's only dedicated accounting practice focused exclusively on short-term let and holiday let operators. These are the tax and compliance issues we handle daily, written up for the operators handling them themselves.
From 6 April 2026 the 100% inheritance tax relief on qualifying business property is capped at £2.5m combined with agricultural relief, with the excess dropping to 50%. Combined with the FHL abolition, most STL portfolios now have no BPR at all — and succession planning needs a rebuild.
The abolition of the FHL regime has moved the tax gap between running an STL as a sole trader and running it through a limited company. For portfolios of any real size, the Ltd route now saves more tax than it did under the old regime - but the transition costs are real and the fit depends heavily on your borrowing structure.