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Overview

A company may have multiple sources of property income:

1. Ìý

   •ÌýÌýÌýÌý UK property business—this is property income from England, Wales, Scotland and Northern Ireland. The profits from a UK property business are pooled together and reported as one business, as opposed to separate properties. For details of UK property businesses operated by UK non-residents, see UK2.1.3

2. Ìý

   •ÌýÌýÌýÌý overseas property business—this is property income arising from sources outside the UK (which includes the Isle of Man and the Channel Islands). See UK2.2.6

3. Ìý

   •ÌýÌýÌýÌý UK furnished holiday letting (FHL) business—this a property business that before 6 April 2025 must be considered separately from a company's UK property business and any European Economic Area (EEA) FHL business. The furnished holiday let rules are abolished from 6 April 2025. For the conditions that had to be met for the property to qualify as a UK FHL, see UK2.2.3

4. Ìý

   •ÌýÌýÌýÌý EEA FHL business—this a property business that before 6 April 2025 must be considered separately from