I have a client who owns a commercial property and rents it out, one of the leasees being his 100% owned company. I believe that in this instance the £50,000 AIA should be shared (sharing permises) although confirmation on this point would be useful.
The rental business has a 30 March year end and the company 30 September and I am unsure as to how to work out how much AIA the company has used up. Do you look at the actual date the additions were made in the company? Ie if all additions were after 5 April 2009 (or 31 March 2009) for company y/e 30/9/09 then the rental business can have full £50k in 2008/9? Any guidance would be gratefully received.