Company premises

Company wants to use premises mortgaged by directors

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Company is thinking of moving premises to a unit which is mortgaged in name of  co-directors.

Company will be paying rent to the directors at market rate

Is the company required to complete a Ct61 or is this optional?

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By Anonymous.
05th Oct 2020 12:45

OC wrote:

Is the company required to complete a Ct61 or is this optional?

Why would a requirement to deduct tax be optional? Who would opt in?

Is there a requirement to deduct tax from rent payments?

https://www.gov.uk/government/publications/corporation-tax-return-of-inc...

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paddle steamer
By DJKL
05th Oct 2020 13:42

Do consider the possibilities with using BADR in the future before deciding that rent definitely ought to be charged.

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