Tax & accounting issue

Hi to All

The company paid £100,000 for the refurbishments of one of the shops. The lease of this shop is in the name of the director and he receives the rental income from the company for the use of his premises.

The questions are as follows,

  1. Accounting treatment in the accounts as the company paid for the refurbishments
  2. Tax consequences for the company and the director

Thanks

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director's property

david5541 |