In the 2024 Budget, it was announced the special tax regime for furnished lettings was to be abolished from April 2025.

However detail on how this will work, and any transitional arrangements, has yet to be published and the hiatus of the General Election will only add to the delay.

This article from Accounting Web gives a good insight, and is worth a read if you have, or are considering, a FHL
Uncertainty clouds future of abolished furnished holiday lettings regime