Related Commentary  


In the heading to s. 327, the words “relief: UK property business” substituted for “relief” by FA 2011, s. 52 and Sch. 14, para. 2(6), with effect in relation to the tax year 2011–12 and subsequent tax years.

327(1)  If a UK property business consists of both–

(a)the commercial letting of furnished holiday accommodation (“the furnished holiday lettings part”), and

(b)other businesses or transactions (“the other part”)

this section requires separate calculations to be made of the profits of the furnished holiday lettings part and the other part.

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