capital

I have a client who has owned and run a residential lettings 'business' for some thirty years. The portfolio consists of six properties, and totals 14 lettable units.

1

Client works from home and converted his garage to an office when employing staff. Conversion is not structural but partitioning, electrical etc.

16

I'm fairly sure I know that answer to this but can't find anything absolutely definitive so would appreciate some clarification from the brains trust:

 

14

Hello could someone give me the reference in the legislation concerning repairs and renewals v capital of investment property works? Thanks

2

Hi Everyone,

 

I was wondering if anyone knows how to access the old share capital forms on the Companies House website now?

1

An upper tribunal decided that HMRC was correc

.........take around £150k cash assets as a capital distribution, under ESC C16.

3

A client was a majority shareholder in a limited company which folded in the 80s, having been worth a modest but worthwhile amount at 31 March 1982.

2

I understand that on preparing a balance sheet some people treat uncleared cheques to creditors as a current liability.

4

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