ASK223: Should I turn my flat into a holiday let? PLUS: Will this area benefit from the ripple effect?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 18 February 2020
⏱️ 7 minutes
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:07.0 | Welcome to Ask Rob and Rob. That reliable fixture of your Tuesday, where you turn up and you hear a couple of |
| 0:13.9 | property questions answered. We are not going to deviate today from this tried and |
| 0:17.7 | tested format. We're going to be answering questions for Claire and Brian after a |
| 0:21.6 | quick reminder of how to send your question in. |
| 0:24.0 | Yeah, it remains super simple. You can call in and leave a voicemail on |
| 0:27.2 | 013 808.0035. Or you can go straight to our website, Property Hub.net |
| 0:34.0 | forward slash ask and leave a message there. |
| 0:37.0 | And fortunately, two people have followed that exact process today. |
| 0:41.0 | So we've got two great questions coming up. In fact, we've got one right now. to |
| 0:45.0 | today so we've got two great questions coming up. In fact, we've got one right now. |
| 0:49.0 | Hi Robin Wild, my name's Claire, I'm from Lothian. I'm moving into a house and I've borrowed 75% equity from my two bedroom flat to move, I'm just wondering |
| 0:57.4 | whether I'd be better off having my flat as a buy to let or an Airbnb or a holiday let. |
| 1:02.8 | We're about 10 minutes from Nottingham City Centre |
| 1:05.3 | and I've tried Airbnb before which worked quite well, |
| 1:08.3 | but I'm thinking of putting the price up slightly this time |
| 1:11.8 | just to cover costs on the new house as well. So assuming that I do get people in |
| 1:17.8 | a lot and make a good profit, would I be better off tax-wise having it as a holiday |
| 1:22.4 | let than I would have I to let? |
| 1:24.0 | Thank you for the question, Claire. Let's tackle your direct question first. |
| 1:27.3 | Would you be better off tax-wise having it as a holiday let? The answer to that is yes, |
| 1:31.5 | there are a couple of benefits to holiday lets over normal |
... |
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