Ceasing Self Employment... | AccountingWEB

Ceasing Self Employment...

Hi All

I have a client that has ceased self employment. He has leased the business/freehold property to another party for 15 years at a rent of £150 per week. Also he has received £5k for fixtures and fittings.

I am ok with doing final accounts and tax return and I assume he will have to do a property section aswell. But, the £5k is that just profit on disposal or is there any other treatment.


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zebaa |

granted a new lease

a_m |
a_m's picture