The main result of the lobbying and consultation on the change of the rules was the introduction of a ‘period-of-grace’ provision in FA 2011. This takes the form of an election. The relevant legislation is entitled (for both income tax and corporation tax purposes) ‘Under-used holiday accommodation: letting condition not met’. This provides for an election for the FHL rules to continue to apply even though the actual letting day count condition is not met. In practice this is referred to as a ‘period-of-grace election’.