THE ALT MOTEL

AND SELF CATERING HOLIDAY APARTMENTS


A REMOTE BUT ACCESSIBLE NEW & MODERN SCOTTISH HIGHLANDS MOTEL FOR FISHING, HILLWALKING AND TOURING. ONLY 20 YARDS FROM SUPERB BROWN TROUT & CHAR FISHING ON LOCH BORRALAN'S 118+ ACRES

THE MOTEL VIEWED FROM LOCH BORRALAN WITH "BEN MORE ASSYNT" BEHIND

SITUATED some twenty miles North of Ullapool the Loch Borralan Estate holiday apartments lie in the Assynt area of the Scottish North West Highlands. An area that is an angling and hillwalkers paradise. A multitude of Lochs, glens, hills and mountains need exploring and this area will remain into the foreseeable future as one of the last remaining most unspoiled areas of the United Kingdom.

Your hosts
Bruce & Alba Ward,
The Alt Motel,
Ledmore, By Lairg
Sutherland IV27 4HF
Phone 01854 666 220

Or click here to e-mail us at The Alt Motel

YOUR APARTMENT

Literally only 20 yards from the shore of the 118+ acre Loch Borralan the new purpose built apartments occupy a unique position. A convenient few yards from 'The Alt Bar & Restaurant', which is open all day, your holiday apartment will be one of a new terrace of ONLY FIVE available apartments. The very comfortable twin or double bedded apartments are fully equipped and all linen (except towels when self catering) is provided. All are of similar size but some rooms are available with three beds or as a family room with four beds.

THE MOTEL APARTMENTS VIEWED FROM LOCH BORRALAN

THE MOTEL AND BAR WITH MOUNT SUILVEN BEYOND

THE MOTEL FRONT PATH WITH ALBA'S LUPINS

AND INSIDE THE APARTMENTS

All apartments have views SOUTH over Loch Borralan and you'll see 'Ben More Assynt' from the kitchen NORTH

A twin bedded and a double bed apartment (These apartments have been upgraded - waiting new photos)

YOUR HOSTS BRUCE & ALBA WARD

(Yes, a good tan - Gozo March '05)

 

FISHING

Brown Trout and Char Fishing. Acclaimed for its fishing the Assynt area of the North West Highlands offers some of the best wild brown trout fishing in the country. Loch Borralan itself is prolifically populated with wild brown trout and the Arctic Char fishing is the best in Sutherland. Fish of over a pound are common with fish of five pounds HONESTLY recorded in our fishing register. Two boats are provided and your stay in one of these modern apartments will entitle you to free bank fishing. To add a little spice to your day tagged fish have been introduced and these, when presented for weigh-in, are worth a bottle of whisky. Permits are available from the BAR next door for both bank or boat fishing on other local Lochs including Veyatie, Cam and Urigil with inexpensive Salmon fishing on Lochs Awe, Assynt and not least, at the head of the Oykel river, Loch Ailsh.

This image courtesy of Alan Goodwin's excellent web site http://www.angelfire.com/sports/wetfly/Index.html

Part of Loch Borralan with the Motel & Bar (center left)

I found this image on the internet - it shows Loch Borralan viewed from the East and emphasizes its remote location. (Remember the Loch IS about a mile long) It must have been a very long hot summer 'cause we're usually a lot greener than this. I think this must date from the drought summer of '76. The Motel is hidden by that bunch of trees on the only green bit on the right hand side and, believe it or not, that road is the main A837, a single track road with passing places.

The river meandering into the Loch can be great fun fishing as it's only very occasionally visited by our anglers who seem to prefer to fish from a boat or the banks around the Loch.

if not taken by myself I'll show an attribution for a photo but the author of this one escapes me.

It could be an RAF pilot - we often get them flying in low along the Loch. (Let me know)

Lochs Cama and Vayatie (about three miles away) from the hill behind the Motel apartments

 

On the 31st July a happy Luis Potter outfished the whole family

with FIVE fish to their one during a short boat session

A happy Luis displays some of his catch

Peter Watson, a visitor from Cumbria, with a beautiful brownie caught on the the 4th of April in lovely condition for such an early fish.

 

A recent (9th to 12th May) fishing party of 7 from Stirling were happy to E-mail the following:

Hi Bruce

We had a grand time - thank you very much.

I personally caught and released at least 200 fish in the 4 days I was fishing, but I did spend a lot more time than others on the water. I caught 7 char, releasing 6 of them and retained another 6 brown trout - largest was 3/4lb. Others in the group retained 3 char, and 4 trout all about the same 1/2-3/4lb mark. There was a definite char hotspot in the bay at the east end of the loch around where the white boat is pulled ashore.

Dark olives were hatching on the last day we were there, and dry fly fishing with imitations was a real joy up in the sheltered lee shore. However, any small black flies were taken readily as there was a constant hatch of dark chironomids, even in the howling gale.

We'll be back!
regards
Colin
Dr Colin D. Bull

TOURING. Your apartment is an excellent base from which to explore the whole of the North West, North and North East coasts on a daily basis. All parts of the area can easily be reached from here. This part of the country has a vast amount of the most spectacular scenery to offer to the tourist and yet it remains unspoiled. The roads are some of the quietest and best maintained in the United Kingdom.

HILLWALKING. The hillwalker will find this area an absolute dream. It would certainly take many years to get to know all the places that are there to explore. Cul Mor is an easy local walk and indeed this is considered a good beginners hill. For Suilven an entire day must be set aside, although the climb itself is not difficult. Ben More, a Munro, at 3273 ft, will again take an entire day. The scenery from all is breathtaking and it is quite possible to see both East & West sea coasts from some summits. There are many others within a short drive. Stack Polly, with its magnificent views over the Summer Isles, and not least the impressive Canisp and Quinag.

Cul Mor & Suilven from Loch Borralan. Both these mountains are popular with our hillwalkers.

taken at 8.10 p.m. on the 15th September (with NO funny filters)

All photo's © copyright 2004 Bruce Ward of The Loch Borralan Estate

POTHOLING & CLIMBING. To those of more energetic persuasion there is some superb climbing to be had in the vicinity and at the other extreme there are some of the UK's longest potholes to explore with a very strong caving club based in Elphin just four miles away.

GOLF. If a round of golf is your preference then a day spent at Royal Dornoch is quite viable or there is a nine-hole course at Bonar Bridge where many of our guests have spent an enjoyable day. Ullapool has now completed its own 9 hole course with clubs available for hire and visitors are very welcome.

TARIFF

2008 TARIFF

Luxury Self Catering Holiday Apartments with Kitchen, en-suite Shower Room & Toilet

The apartments are all of similar size with twin or double beds, however,
a limited number of apartments are available with extra beds for the prices shown below

April 1st to October 20th £295 per week (3 beds £345) (4 beds £395)

All linen (except towels) is supplied.
All apartments are equipped with prepayment electricity meters which provide
a minimum of 9 kilowatts of electricity per £1 coin.

Bank fishing on Loch Borralan is included (only one rod per person)
Boats are available at £20 per day, and subject to availability, £12 from 2 p.m.

LUNCH, BAR SNACKS AND EVENING MEALS ARE AVAILABLE FROM THE ADJACENT LOUNGE BAR WHICH IS OPEN ALL DAY

TOWELS AND A (DIY) BREAKFAST TRAY ARE PROVIDED FOR OVERNIGHT BED & BREAKFAST GUESTS

DOGS We regret we may have to limit the numbers on site. PLEASE PHONE

BOOKINGS Normally run from Saturday to Saturday. Please phone for B&B prices and overnight availability.

If you have printed out this form you can send the booking form below to book your accommodation.......

--------------------------------------------PLEASE CUT HERE-------------------------------------------------------------


Please reserve the following dates for me. There will be a total of ............people in my party

I require a TWIN - DOUBLE - THREE BEDDED - FOUR BEDDED room please circle your requirement

ARRIVAL DATE__________________DEPARTURE DATE______________________

I enclose a 20% deposit £_________of the total price, which will leave £____________to be paid on my arrival.

Name_________________________________

Address_________________________________________________________________________________

__________________________________________________________________________________

The Phone Business ___________________________/ Home________________________________

Your Email address_______________________________

PLEASE MAKE CHEQUE PAYABLE TO :- B.A. & A.J. WARD
Your booking will be confirmed immediately on receipt of your deposit
subject to accommodation availability.

PHONE us on 01854 666 220

Click here to e-mail us @ The Alt Motel

THANK YOU FOR VIEWING THE LOCH BORRALAN ESTATE WEB SITE

CLICK HERE TO GO TO OUR "FOR SALE" WEBSITE WHERE YOU CAN FIND HOUSEPLOTS, FISHING, CHALETS AND APARTMENTS FOR SALE

Otherwise it's business as usual

 

We are a member of the Fly Fishing Scotland Trout & Salmon Web Ring. 

We are a member of The Fly Fishing Scotland Trout & Salmon Web Ring. Please Click on the graphic to view more websites

and

The Fly Fishing Loop Sponsored By flydepot.com
The Fly Fishing Loop is sponsored by flydepot.com

 

 

FOR SALE

SEVEN SELF CONTAINED HOLIDAY APARTMENTS WITH OPP FOR AN ADJACENT HOUSE PLOT

THE FISHING RIGHTS TO LOCH BORRALAN AND LOCH FRONTAGE

The Seven Apartments Viewed from Loch Borralan

The apartments & adjacent bar with the mountain 'Ben More' behind

THE APARTMENTS

Traditionally constructed and with a white Ledmore marble rendering these self contained apartments feature double glazing with full insulation to floors, ceilings and walls. The dividing walls between each unit are 11" concrete block thereby ensuring quiet and privacy between the apartments. These seven apartments all have their own en-suite shower room with toilet, a kitchen, a dining and bedroom area. They will be sold as "Turn-key" accommodation as they are all fully furnished and have their own independent water, power supplies with meters and will be completely 'ready to go' including all furnishings, linen etc.

Although all are the same generous size with the exception of No's 1 & 7 (23'6" x 13'7"), which offer even more floor space, they are currently available as twins, a double and a family room with 4 beds. These units were purpose built only 12 years ago and have been kept in exceptional decorative order and make wonderful holiday accommodation in this spectacular part of the country.

THE FISHING

The purchaser will be acquiring the rights to the superb wild brown trout and char fishing on Loch Borralan's 118+ acres. The issuing of fishing permits and boats will be under the new owner's control. Loch Borralan has been a popular fishing Loch for centuries and the riparian authority over the water had been held exclusively by the old Altnacealgach Hotel until a disastrous fire brought about its destruction in 1985. The subsequent hotel demolition and then the building of the Motel apartments has continued this fishing tradition and the present owners have enjoyed the company of many, many hundreds of anglers during their ownership. Indeed had the Loch not been included in the original purchase of the Loch Borralan Estate by Bruce & Alba back in 1986, as keen trout anglers, it is very unlikely they would have moved to this delightful area. Wild brown trout over five pounds and arctic char have been caught on Borralan's waters while fish of a pound-and-half are common and catches of over a hundred fish over the period of an anglers holiday are the norm for a keen angler who will share this wonderful water with a fantastic family of Otters.

THE ADJACENT HOUSE PLOT

The slightly elevated plot to rear of the apartments has the benefit of Outline Planning Permission for a family dwelling with consent for; garage, workshop, reception office, laundry room and family accommodation. This will be ideal for the servicing of the seven apartments should the site be purchased as a whole. All on-site services are available for a quick connection as electricity, water and sewage are all adjacent.

PRICE Offers Over: £345,000 for the Motel with its seven holiday Apartments and the Adjacent House Plot with Outline Planning Consent for a family dwelling with garage, workshop, laundry room & reception. ( For loch frontage land and the rights to Loch Borralan's trout and arctic char fishing add £30,000)

(THE APARTMENTS CAN BE PURCHASED INDIVIDUALLY FROM £45,000 each)

BUILDER? DEVELOPER? CLICK HERE FOR THE REMAINDER OF THE LOCH BORRALAN ESTATE WITH 3O PLUS ACRES, OPP FOR 4 FAMILY DWELLINGS & 5 HOLIDAY COTTAGES

SITUATION

The Alt Motel apartments on the shore of Loch Borralan are situated in one of the most remote areas of the Highlands . The stunning scenery and space seem many miles from the congestion of modern day life and a refuge giving peace, tranquility and superb quality of life. The area is a favourite with the tourists and regular guests, many of whom return on a regular basis year after year. The nearest town is Ullapool, which is approximately 20 miles to the south which offers a good range of facilities including a Somerfield supermarket, shops, schools and the ferry service to the outer isles. Inverness , the Capital of the Highlands , is about a 90 minutes drive and offers a full range of facilities commensurate with a major regional centre. These include a modern shopping centre, theatre, hospital, mainline railway station and airport with regular services by British Midland, British Airways and Easy jet to Heathrow, Gatwick, Luton and Bristol .

Recreational activities are available in abundance and these include fishing on Loch Borralan (literally yards from the property) and many other local lochs, all forms of country sports and the choice is unlimited for the hill walker and mountaineer. Access to the spectacular west coast is about 20 miles and the east coast about 40 miles with its sandy beaches and good golf courses.

Part of Loch Borralan with the Holiday Apartments (center left)

DIRECTIONS

From Inverness take the A9 north crossing the Kessock Bridge and bear left at the Tore roundabout on the A835 towards Ullapool. Continue on the A835 for some 18 miles beyond Ullapool turning right at the Ledmore junction on the A837 towards Lairg. The property is on the left after approximately 1.4 miles.

DESCRIPTION

The seven holiday apartments, since they were completed in '93, have offered fully equipped self-catering facilities or bed & breakfast accommodation. Now for sale (due to poor health) as a going concern or as individual holiday homes - together with the bank fishing and boats on the Loch they have been successfully run by the present owners. It is a pleasant way of life and currently the apartments are open from Easter until the autumn with the present owner's spending their winters abroad.

This is a rare opportunity to acquire a viable holiday home or a business in a remote part of the Highlands with the added benefit of an enviable quality of life.

Should there be sufficient interest they can be purchased separately in which case we shall be left with a spare house plot - but never mind we'll need the extra money for our (currently non existent) pension fund.

FULL DETAILS OF THE ACCOMMODATION

At the present time the owners are living in the 2 apartments, No's 1 & 2, but an adjacent house plot with Outline Planning Consent is included with the over-all sale which will free these 2 apartments to become extra holiday units. These apartments will obviously be available initially for the new purchaser to live in until such time as their own house can be completed. (We shall be taking our personal furniture with us from these two units.)

Apartment 1 - Present Owner's Temporary Accommodation

Living Room Approx 5.05m x 4.09m (16'6" x 13'5") Front door. Double glazing. Hatch to roof space with cold water storage tank in loft. Cloaks cupboard. Panel heater. Superb views to Loch. Door to:

Kitchen Approx 2.12m x 2.03m (7'2" x 6'8") Double glazed window. Single drainer stainless steel sink unit cupboards under, space for fridge freezer. Electric cooker. Tiled splashbacks.

Shower Room Approx 2.03m x 1.86m (6'8'" x 6'1") Matki corner entry shower cabinet with Aqualisa shower. Close coupled WC. Pedestal basin with wall light and shaver point over. Extractor fan. Double glazing. Airing cupboard with insulated hot water tank and immersion heater. Heated towel rail. Outside; electricity meter box

Apartment 2 - Present Owner's Temporary Accommodation

Office Approx 3.42m x 3.20m (11'2" x 10'6") Double glazing with good views over Loch Borralan. Panel heater. Hatch to roof space with cold water tank in loft. Partition door to:

Owners Bedroom Approx 3.91m x 2.73m (12'10" x 8'11") Double glazed window. Wardrobe. Airing cupboard with insulated hot water tank and immersion heater. Single drainer stainless steel sink unit. cupboards and wall cupboard.

Door to: Shower room Approx 1.82m x 1.58m (5'11" x 5'2") Matki corner entry cabinet with Aqualisa Shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Double glazing. Extractor fan. Heated towel rail. Outside; electricity meter box

All the remaining apartments are fully furnished and equipped, newly decorated and in ready-to-go condition.

Apartment 3 - A Family Room for four people

Living Room . 4 single beds. Approx 7.18m x 3.51rn (23'6" x 11'6") overall. Fully equipped. Good views to Loch. Panel heater. Kitchenette with single drainer stainless steel sink unit cupboard under. Fridge. Electric cooker. Airing cupboard with insulated hot water tank and immersion heater & coin meter for electricity supply. Hatch to roof space with cold water storage tank in loft.

Shower Room Approx 1.85m x 1.59m (6'1" x 5'2") Matki corner entry cabinet with Aqualisa shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Heated towel rail. Extractor fan. Outside; electricity meter box

Apartment 4 - Letting unit for two people (plus one extra with pull out bed)

Living Room Approx 2 single beds. 7.18m x 3.53m (23'6" x 11 '7") overall Good views to Loch. Panel heater. Kitchenette with single drainer stainless steel sink, cupboard under. Fridge. Electric cooker. Airing cupboard with insulated hot water tank and immersion heater. Coin meter for electricity supply. Hatch to roof space with cold water storage tank in loft.

Shower Room Approx 1.86m x 1.59m (6'1" x 5'2") Matki corner entry cabinet with aqualisa shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Heated towel rail. Extractor fan. Outside; electricity meter box

Apartment 5 - Letting unit for two people

Living Room 2 single beds. Approx 7.18rn x 3.51m (23'6" x 11'6") overall . Good views to Loch . Panel heater. Kitchenette with single drainer stainless steel sink cupboard under. Fridge. Electric cooker. Airing cupboard with insulated hot water tank and immersion heater & coin meter for electricity supply. Hatch to roof space with cold water storage tank in loft.

Shower Room Approx 1.86m x 1.60m (6'1" x 5'3") Matki corner entry cabinet with Aqualisa shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Heated towel rail. Extractor fan. Outside; electricity meter box

Apartment 6 - The ‘Honeymoon' Suite

Living Room Approx 7.18m x 3.52m (23'6" x 11'6") overall Letting unit for two people (double bed). Good views to Loch . Panel heater. Kitchenette with single drainer stainless steel sink cupboard under. Fridge. Electric cooker. Airing cupboard with insulated hot water tank and immersion heater & coin meter for electricity supply. Hatch to roof space with cold water storage tank in loft.

Shower Room Approx 1.86m x 1.59m (6'1" x 5'2") Matki corner entry cabinet with Aqualisa shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Heated towel rail. Extractor fan. Outside; electricity meter box

Apartment 7 - Letting unit for two people. (plus one extra with pull out bed).

Living Room 2 single beds. Approx 7.18m x 4.15m (23'6" x 13'7") overall Good views to Loch. Built in wardrobes. Panel heater. Kitchenette with single drainer stainless steel sink with cupboard under; further cupboards and wall cupboard. Fridge. Electric cooker. Hatch to roof space with cold water storage tank in loft.

Shower Room Approx 2.12m x 1.83m (6'11" x 6') Matki corner entry cabinet with Aqualisa shower. Close coupled WC. Pedestal basin. Wall light with shaver point. Heated towel rail. Extractor fan. Airing cupboard with insulated hot water tank and immersion heater with coin meter for electricity supply. Outside; electricity meter box

If bought as a whole to continue running as a business the apartments are currently let as self-catering holiday accommodation or, when not occupied by longer term guests, as overnight bed & breakfast apartments (with a breakfast tray supplied - Kellogs, fresh milk, toast, butter, marmalade, tea & coffee - there is no cooking to do) . My wife and I since selling the next door bar have run these apartments in this way over the last twelve years, giving us a VERY relaxed lifestyle. We work (from choice) a six month season with the winter (normally from October to April) spent on the Med. The new owners may prefer to extend the season further with the commensurate increase in income. The tariff can be found on our website THE ALT MOTEL - B&B is currently from £65 per night and £295 per week for a twin room self catering. While, with the fabulous fishing on Loch Borralan and locally, we have concentrated our advertising on anglers there is a much wider market available for hillwalkers and climbers. The apartments could even be sold individually as holiday homes (there is a consent for this) and the house plot retained thereby giving you a good profit on your outlay and a free houseplot.

To relieve the boredom of wading through all these details here's a typical Loch Borralan sunset.

OUTSIDE  

An immaculate but easily maintained rockery garden with many Spring bulbs, shrubs and perennial plants having a communal path feeding all seven apartments, there is a side gate which gives access to the rear car park where there is dedicated parking for the seven apartments and space for at least five more cars. The west gate (shown below) gives access to the vehicular access between the Motel and to the next door bar/restaurant. In a spectacular location, a mere 20 yards from the shore of Loch Borralan's 118 acres, there are mature trees that give protection and the majority of the surrounding land is open with outstanding views south east, south and south west to the mountains of Cul Mor and Suilven - Ben More is to the north of the property and can be clearly seen in the photo at the top of this page. The 'Alt Bar' next door is an ideal place to relax and enjoy a dram, a pint or an all-day inexpensive meal. Recently under new ownership, newly refurbished and with a new and wide enticing menu it is a relaxing, quiet and typical Highland retreat where many of our guests enjoy their evenings over a good meal with friendly company.

The Apartment Front Path and Gardens.

GENERAL

Services The Loch Borralan Holiday Apartments are served by mains electricity with a private U/V treated water supply and drainage system.

Viewing - Arrangements Strictly by appointment with the vendors

Entry To be by mutual agreement. There is no ongoing chain.

FIXTURES AND FITTINGS

This is a 'Turnkey' business purchase with all that is needed for an instant startup. All fitted carpets, curtains and blinds, furnishings and equipment are included. By negotiation a percentage of the purchase price will be agreed for the fixtures and fittings. (which will reduce stamp duty on the total price). The present owner's personal furniture will be removed from No'1 & 2

BURDENS

The owner's accommodation is in Council Tax Band 'A' (Although these 2 units will revert to letting units when the new owner's house is completed and No's 1 & 2 are released as extra letting accommodation.)

Apartments No's 3 - 7, small business rates apply, currently attracting a substantial rebate. Rates payable 2006/07 £415.32 (net of rebate).

CLOSING DATE

 A Closing Date may be fixed and we would advise prospective purchasers to register their interest with the vendors. Whilst every effort will be made to ensure that parties having registered their interest will be notified of a closing date this cannot be guaranteed. It should be noted that the vendor reserves the right to accept offers prior to a closing date being set.

THE LOCH BORRALAN WEBSITES : The Loch Borralan & Alt Motel websites will be included in the sale. This will be a considerable saving for the purchaser as it will be up'n'ready to go and need a minimum of up-dating to include any changes the new owner may wish to make. About 30% of our current business is Internet related. Occupancy is about 50% each of B&B and Self Catering

WHY ARE WE SELLING??? This is a somewhat forced sale - mainly through ill health - although retirement and a desire by my wife to be closer to our grandchildren are dragging us away from this spectacular area. This wonderful area is a hard place to abandon and we have both loved and enjoyed it for the last 20 years (8 owning the Alt Bar - the remainder at the Motel). The scenery, the people, the fishing, the hill walking and the living here is good, comfortable and never stressful. This is an ideal opportunity for a couple (or young family) who want to get away from the hectic life of the big city with its frenzied activity to experience a life changing, completely relaxed existence.

PRICE Offers Over: £345,000 for the Motel with its seven holiday Apartments including the Adjacent House Plot with Outline Planning Consent for a family dwelling with garage, workshop, laundry room & reception. (For loch frontage land and the rights to Loch Borralan's trout and arctic char fishing add £30,000)

(THE APARTMENTS CAN BE PURCHASED INDIVIDUALLY FROM £45,000 each)

 

BUILDER? DEVELOPER? THE REMAINDER OF THE LOCH BORRALAN ESTATE WITH 3O PLUS ACRES, OPP FOR 4 FAMILY DWELLINGS & 5 HOLIDAY COTTAGES CAN BE FOUND FOR SALE BY CLICKING HERE

Initial Contact Through The Sole Proprietors:

The Loch Borralan Holiday Apartments are for sale by the owners Bruce & Alba Ward

The Alt Motel, The Altnacealgach, By Lairg, Sutherland. IV27 4HF

PLEASE PHONE BRUCE OR ALBA TO GET AN UPDATE ON WHAT IS CURRENTLY AVAILABLE OR UNDER OFFER

phone 01854 666 220

CLICK HERE TO SEND US AN E-MAIL

For more pictures and information regarding the Motel, its interior, the tariff or this lovely area please go to

THE ALT MOTEL

Thank you for viewing this 'LOCH BORRALAN FOR SALE' page

CLICK HERE TO CHECK A MAP AND SEE MORE OF THE AREA

 

HERE IS SOME GOOD TAX NEWS FOR THE POTENTIAL PURCHASER

Extract from The Sunday Times “Ask the Experts”

The good news is that if you buy in the UK, there can be considerable tax advantages in owning a furnished holiday let (FHL), provided it is not available for any other type of residential letting.

You can also write off the furnishings and equipment when purchased against rental income. Losses, hopefully not real losses but the write-off over time of the value of furnishings and equipment, can be offset against any other income, for example, earned income or the capital gains you have made for the current and/or previous year, or can be carried forward against future letting income.

You can also roll over any gain from the sale of one FHL into the purchase of others, avoiding capital-gains tax. Outside peak holiday periods, you can use the property yourself. Although income is treated as trading income, it isn't liable to Class 4 national insurance.

FHLs must be in the UK , must include furniture and be available as a commercial letting to the public — not just family and friends — for at least 20 weeks in a 12-month period. The property must actually be let for at least 70 days. In addition, in any period of seven months, the property should not normally be let to the same person for more than a month (31 days) at a time. If you have more than one FHL, the 70-day rule can be averaged. Make sure you keep a full record of each tenant's details.

Bill Blevins is a managing director of Blevins Franks International, providing tax and investment advice