Wholly and exclusively question re land.
I asked my client if the land utilised by his business was used W & E for his business.
His reply was that on quite a large portion of the land he allows farmers to graze their sheep free of charge. He also added that this was necessary otherwise the land would become unusable for his business purposes and that this was a very cost effective solution (being free).
Can my client still claim that the land being grazed is used W & E for his business?
It seems unfair to me for it not to be the case as he would loose the chance to reclaim mortgage interest on that portion of land and also suffer when he eventually sells it in the distant future
Comments gratefully received.
- business entertaining deductibility 66 1
- Go Cardless 211 7
- Self assessment tax arrears 37 2
- Scottish independence - what happens to HMRC? 850 51
- R & D 86 3
- Disengaging a client who uses our office as a registered office address 726 16
- Are HMRC cutting out Agents in tax investigations? 193 1
- Shareholder/Directors termination payments 49 1
- Childcare vouchers and final month payroll Qs 86 2
- Can anybody help withe the RTI end of year process? 101 3
- Payroll software with annual pay period? 90 1
- New Business Registration 195 5
- Audit rules 127 3
- Hosted email exchange 112 4
- Excel formula for UK corporation tax including losses 121 1
- G P life time allowance 94 3
- Why will HMRC not code out my client's £1,730 underpayment for 12/13 351 11
- Bringing money to Uk 198 3
- How can I tell what returns are outstanding on HMRC online? 106 1
- Accounting for investment club gains 103 2
- Xtuple 492
- Qtac payroll for bureau 331
- Confused - Professional Association a Mutual trader, or not? 275
- Industrial & Provident Societies 271
- Mehjoo 214
- Data transfer from Sage Line 50 to VT Transaction+ 213
- New strategic report 167
- Domain name sale and limited company 152
- South African Government Pension 147
- CIS schemes 142