If the furnished holiday lettings business includes more than one property, and if one or more properties would be ‘qualifying holiday accommodation’ for the accounting period but for the fact that they do not meet the letting condition, then in certain circumstances a person may make an averaging election under CTA 2009, s. 268 (see ¶711-795 for the interaction of this election with that for properties that fail to meet the letting condition despite ‘genuine intentions’).

The election must be made on or before the first anniversary of the normal CTSA filing deadline for the accounting period in question.

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