Income Tax (Trading and Other Income) Act 2005 section 308B

Meaning of "eligible" in relation to a dwelling-house

Section 308B defined what made a dwelling-house "eligible" for the purposes of the furnished holiday lettings income exemption provisions, but this section has been removed from the legislation.

• Section 308B was introduced by the Enactment of Extra-Statutory Concessions Order 2011 to give statutory effect to an existing concession regarding eligible dwelling-houses.
• The section formed part of a group of provisions (sections 308A to 308C) that together set out conditions under which certain property income could benefit from favourable treatment.
• Finance Act 2016, section 74(1)(a), removed sections 308A to 308C entirely from the legislation.
• The removal took effect from the 2016–17 tax year onwards, meaning these provisions have no application for that year or any subsequent tax year.