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.
Client works from home and converted his garage to an office when employing staff. Conversion is not structural but partitioning, electrical etc.
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:
Hello could someone give me the reference in the legislation concerning repairs and renewals v capital of investment property works? Thanks
I was wondering if anyone knows how to access the old share capital forms on the Companies House website now?
An upper tribunal decided that HMRC was correc
.........take around £150k cash assets as a capital distribution, under ESC C16.
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.
I understand that on preparing a balance sheet some people treat uncleared cheques to creditors as a current liability.