The below is a list of most used acronyms in the property industry.

AST – Assured Shorthold Tenancy

B&B – Bed and Breakfast

BNI – Business Network International

BTL – Buy To Let

CA – Capital Allowance

CT – Corporation Tax

DIP – Decision in Principle

EBITDA – Earning Before Interest, Tax, Deprecation and Amortization

FHL – Furnished Holiday Let

GDPR – General Data Protection Regulation

GDV – Gross Development Value

HMO – House in Multiple Occupation

HMRC – Her Majesty’s Revenue & Customs

ICO – Information Commissioner’s Office

IFA – Independent Financial Advisor

IO – Interest Only

JV – Join Venture

LA – Letting Agent

LLP – Limited Liability Partnership

LO – Lease Options

Ltd Co. – Limited Company

LTV – Loan to Value

M&G – Meet & Greet

OTA – Online Travel Agent

PA – Personal Assistant

PCI – Payment Card Industry

R2SA – Rent 2 Serviced Accommodation

RVU – Rateable Value per Unit

S24 – Section 24

SA – Service Accommodation

SBRR – Small Business Rates Relief

SBS – Single Bed Space

SSAS – Small Self Administered Scheme

SIPP – Self Invested Personal Pension

ST – Sole Trader

T&C – Terms & Conditions

TOMS – Tour Operators Margin Scheme

UBR – Uniform Business Rate

VA – Virtual Assistant

VAT – Value Added Tax

VOA – Valuation Office Agency