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Furnished holiday lettings activities were mainly investment in nature

By Mark McLaughlin, May 2025

A holiday accommodation business comprising five active self-catering holiday letting units, when viewed as a whole, was found to be mainly one of holding investments such that inheritance tax business property relief was not available.  

Summary 

A holiday accommodation business comprising five active self-catering holiday letting units, when viewed as a whole, was mainly one of holding investments such that inheritance tax (IHT) business property relief (BPR) was not available. 

Background 

The deceased (GT) died on 17 September 2017. Her estate included a holiday accommodation business, comprising five active self-catering holiday letting units near Whitby. The properties were available for letting up to three weeks at a time. In the high season, the properties could only be booked in weekly blocks. At other times, the properties could be booked for less than a week. Changeover

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