Property Investment Company (Ltd)

Property Investment Company (Ltd)

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1. If a property investment company has rental income from its freehold property investment (its only investment at present) , should this income be turnover or "other operating income"?

2. If it is part of a group, can management charges charged by other group companies be an allowable deduction for CT purposes in the prtoperty investment company?

3. Does anyone have a suggestion as to where I might find an example of a property investment company's statutory accounts (small Ltd company), as I need to prepare accounts for the first time for a small property investment co.

Many thanks.
Dick Lloyd

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By AnonymousUser
27th Mar 2007 13:26

Property investment is always Complex
Here is the simple suggetion
1:- Since the freehold property investment as stated is the only investment at present, then it should be treated as turnover,

As to point number 2:- its not that clear for me, but eventualy i will say inrelated with group companies you need to prepare Consilidated accounts(accounts for all the companies at one go) basicaly charges might be shared with in all the Co.

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