Friday 20 August 2010
Monday 16 August 2010
She started the article with the seasonal words"It's that time of year for sun, sea... and spend, spend, spend"
It certainly is time with all thos holiday makers about not to mention s series of tips on how to cut down on your summer holiday spending.
A selection of popular topics were covered including use mobile phone charges, airport parking and Travel Insurance. No individual companies were quoted, however if you are looking for travel insurance take a look at those advertising on the jml insurance website at http://www.jml-insurance.co.uk/products.php?id=8
Then there was car hire insurance. "19 Be a canny car hirer- Always take digital photos of the hire car when you pick it up - useful for defending claims of damage. Buy independent cover before you fly. See icarhireinsurance.com and insurance4carhire.com".
See the rest of the article at: http://www.mirror.co.uk/news/top-stories/2010/08/15/20-ways-to-cut-cost-of-your-break-115875-22488622/#ixzz0wlmZNBgT
Wednesday 11 August 2010
With the school holidays coming to an end in just a couple of weeks, we have some great last minute special offers at some of our most popular Dream Ireland locations for the week ahead.
Here are a couple of examples
Large 4 bedroom house in Dingle
14th Aug - 21st Aug '10
Ard na Mara Holiday Homes Dingle
Dingle, Co. Kerry
Was €1,217.00 Now €799.00
7 nights in Kenmare this summer
14th Aug - 21st Aug '10
Inbhear Sceine Waterside Holiday Homes Kenmare
Kenmare, Co. Kerry
Was €827.00 Now €650.00
Dream Ireland have properties in many locations in Ireland and these are advertised on the jmlvillas,com website.
For more information go to: http://www.jmlvillas.com/country/Ireland
Tuesday 10 August 2010
This Beach side apartment at La Cala de Finestrat, Costa Blanca, Spain is ust 80 metres from the beach, this beautifully decorated apartment - which sleeps up to five people - is just 40 minutes away from Alicante airport. Situated in the small Spanish village of La Cala close to real Spanish restaurants and pavement cafes, banks, supermarkets and hair salons.
There is also a market held every Friday. All within walking distance of the apartment. Just 80 metres from the beautiful sandy beach , safe bathing, life guard present on beach during day, with sun beds for hire. Four miles of golden beach, attractions like aqua park, Terri Mitticha (similar to Alton Towers theme park). The apartment is available for up to six months let, but also available for long weekends.
Fly into Alicante Airport from Cardiff - BMI baby or Easy Jet at Bristol. Birmingham also has low-cost flights such as My Travel Light and Fly Be Light. Airport transfers can be arranged, if required by the owner.
•Sleeping accommodation for up to 4 guests
•Close to airport
To find out more go to this page at the jmlvillas.com self catering holiday homes website
Wednesday 4 August 2010
The tax advantages on furnished holiday lets were reinstated by the Coalition after the previous Government abolished them in April..
George Osborne the Chancellor of the Exchequer reversed the measure in the June Budget saying he wanted to help small businesses operating in the tourism industry.However, the Treasury has now said it intends to make it much tougher for home owners to qualify for the breaks.The move comes as the Government prioritises reducing the country’s deficit.
Under the proposals, home owners will need to secure more bookings and will no longer be able to offset their mortgage costs against their personal income. This tax break is one of the main financial reasons for investing in a furnished holiday let as it helps to reduce an individual’s overall tax liabilities.
The new proposals aims to bring the rules in line with EU law and make them focused on commercial businesses rather than those run for personal use.It means more than a quarter of the 65,000 home owners offering holiday lets in Britain will no longer be eligible for the tax benefits from 2011-2012, according to a consultation document published by the Treasury.
The consultation said the changes to the rules needed to be “affordable”.
Mike Warburton, of accountants Grant Thornton, said: “The coalition has recognised the importance of this relief to the holiday industry, but clearly want to restrict a loss to the Exchequer in extending the relief to homes throughout the EU as the law requires.”
The taxman requires certain conditions to be met before the furnished holiday lettings rules can be applied.
The Treasury is now proposing that the property must be available to let for a total of 210 days in a 12 month period, up from the current level of 140 days.And it is suggested that the property must be actually let for at least 105 days during that year, up from just 70 days.
The Treasury also wants to restrict losses from furnished holiday lets so that they can only be set against future profits from that same business. It means losses, such as mortgage interest and any repairs, cannot be offset against other investment incomes, such as from shares or savings.
Accountants warned that some home owners may be forced to sell up to reduce their debts and it could deter those who were thinking about getting a holiday let in the future.
Leonie Kerswill, a tax partner at accountants PricewaterhouseCoopers, said: “Home owners who regularly use their property for family trips, and who do not generally leave much time for other members of the public to use will have to rethink, and ensure that they let their homes for three and a half months each year if they want to be eligible for a 10 per cent Capital Gains Tax rate on an eventual sale.”
There are also other tax breaks that apply to furnished holiday lets, such as capital gains tax rollover relief, which is expected to continue.
* Current rules
1.Must be available to the public for 140 days within a 12 month period
2.Must be actually let to the public for 70 days
3.If the holiday let makes a loss due to the rent not covering the mortgage payments, these losses can be offset against personal tax liabilities
* New rules
1.Must be available to the public for 210 days
2.Must be actually let to the public for 105 days
3.If the holiday let makes a loss due to the rent not covering the mortgage payments, these losses cannot be offset against personal tax liabilities.
Source: NFOPP - For more information go to : http://www.telegraph.co.uk