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M
me95csh
August 1, 2022
Question

Holiday let

  • August 1, 2022
  • 1 reply
  • 0 views

Hi there,

 

I'm using QBSE for the accounts of a Holiday Let and I'm having issues with allowable and disallowable expenses. I have read the guide on SA103F deductions but these are not accurate for furnished holiday let allowances.

For example, it is restricting the amount of finance interest to £500 and disallowing the utilities costs. Am I using the wrong product and if so, which should I be using..

 

Thanks Craig

 

1 reply

P
payment after leaving
August 1, 2022

Hi Craig The self employed product is a template of the SA103F. If you're accounting for income relating to a rental property then you'll have to use the SA105 and therefore the product wouldn't be suitable to your requirements.

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