Holiday Let - Pensionable Earnings
We have a client who receives some rental income from holiday lets. Happy that it falls within the definition of a "Furnished Holiday Let", so the gov.uk website suggests the following:
- the profits count as earnings for pension purposes
When getting the necessary figures from the client, does anyone have guidance on what counts as "profits" here? She doesn't have an accountant and I'm not sure exactly what would need to be deducted from the gross rental income.
I'm hoping it's obvious, but the client is a bit of a tricky one and I'd like to reduce the margin for error as far as possible!