Jointly owned holiday lets – Should you make a Form 17 election?

The favourable tax regime for furnished holiday lettings (FHLs) came to an end on 5 April 2025. For 2025/26 and later tax years, furnished holiday lets are treated in the same way as other residential lets for tax purposes.

The end of the FHL regime has implications for jointly held properties.

Where a property is jointly owned by spouses or civil partner…