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Franchise

A self-employed client opened a Theatre School and paid £11 400 for the franchise.  Should this expense be capitalised or treated as revenue spend ?

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27th Feb 2013 11:34

Depends
On what he gets for the fee and how it's spilt in the agreement / invoice. Would need more info

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30th Jan 2016 18:11

UK personal allowance for US resident

I have a client who lives in the US but hasn't earned anything over there.

She owns a property in London which is rented out and receives income from royalties etc in the UK.  If I note on her tax return that she is non-resident in the UK, she loses the personal allowance and ALL UK income becomes taxable.

Is there any way around this ?

Jill

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