This Christmas, give yourself the gift of a tax-free January!

Whether you (or your accountant) have recently finalised your 2024/2025 tax return, or you are trying your best to put off thinking about tax until after the festive period, now is the time to act – and legitimately reduce your upcoming tax liability!

Did you know? In our experience, 70% of short-term let owners in the UK have not yet claimed the ‘extra’ level of tax relief available on the costs they spent to purchase, build, or refurbish their holiday let. This is for the ‘embedded fixtures’ acquired with, or installed in the property, such as electrical and heating systems, kitchens, bathrooms, water and disposal pipework, and more.

Capital allowances cannot typically be claimed by accountants

As a specialist type of capital allowances, an accountant cannot typically claim this tax relief. Identifying qualifying expenditure requires quantity surveying skills and specific capital allowances tax knowledge. That’s where Zeal Tax comes in. Zeal’s team of Chartered Tax Advisors & Surveyors can help you unlock tax savings hidden in the fabric of your property. It doesn’t even matter if you incurred the expenditure years ago.

As capital allowances was removed for short-term let owners following the abolition of the furnished holiday lettings (FHL) tax regime in April this year, the last opportunity for owners to make a claim is in their 2024/25 tax return. This must be submitted by January 2026 (the date is a little later for companies).

Taking advantage of your entitlement could generate thousands of pounds in tax savings and result in NO January tax to pay! You may even receive an unexpected Christmas gift from HMRC – a cash rebate for tax you didn’t know you’d overpaid!

Zeal Tax – a trusted industry name

Zeal is the trusted tax partner of several industry leading names, including Host Planet and PASC UK. So far in 2025, Zeal has identified £42.8 million in missed capital allowances for holiday let owners, unlocking cash and tax savings of more than £10 million.

To help owners identify if they are missing out on any unclaimed tax relief, and claim their entitlement before the deadline, Zeal is offering a free capital allowances review to ALL short-term let owners.

Schedule a free review with Zeal Tax

Click here to schedule a free review with Zeal Tax.

2025 has been a tax rollercoaster for the short-term let sector. Unfortunately, the Autumn Budget added little improvement – but Zeal can help you end the year with a bit of good tax news.

For additional help with the tax changes and how to mitigate their impact, Host Planet subscribers have been provided exclusive, free access to Zeal’s Tax Resources Hub. Zeal and Host Planet will also shortly be releasing a feature podcast covering the Autumn Budget and how this will affect short-term let owners.

Click here to sign up to the hub.