is the Interest taxable received on Waking Watch

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A Management Company expects to receive 8% interest from NHBC for the payment made for the Waking watch. I need help to understand the treatment for interest regarding tax implications where the company is neither registered with Companies House nor for Trust tax return,

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By David Ex
11th Dec 2023 14:20

What sort of company is it if not ‘registered with Companies House’?

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By NI
11th Dec 2023 16:53

It is a development for the block of residential flats.

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By Wanderer
11th Dec 2023 17:37

What sort of company is it if not ‘registered with Companies House’?

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By NI
11th Dec 2023 18:39

There is a block of Flats called ABC. All the flats residents contribute to maintaining the communal areas.

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By Wanderer
11th Dec 2023 20:00

This is like pulling teeth. At this stage I have little interest in what the block of flats is called or what the residents do, just answer the question:-

What sort of company is it if not ‘registered with Companies House’?

Without that basic information, as to what type of legal entity the company is, no one can even begin to offer advice.

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By David Ex
11th Dec 2023 17:52
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By NI
11th Dec 2023 18:09

It is freehold not the resident mangement Registered company

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By Wanderer
11th Dec 2023 18:11

Jeeze

What sort of company is it if not ‘registered with Companies House’?

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By FactChecker
11th Dec 2023 18:22

For, hopefully, absolute clarity ... What *type* of 'company' is it?
[Not what does it do? Or what is its purpose?]

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By FactChecker
11th Dec 2023 19:46

BTW .. nearly 8 years ago, you were talking about filing with CH for what is presumably the same 'company' - so you must by now have determined the type of company (the 'nature of the beast')?

Without that information, any response about "treatment for interest regarding tax implications" would have to be havered about with so many caveats as to be useless.

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Replying to NI:
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By David Ex
11th Dec 2023 22:40

NI wrote:

It is freehold not the resident mangement Registered company

Your OP said “A Management Company expects to receive 8% interest …”. Is that the case? If so, what sort of company is it if not ‘registered with Companies House’?

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By NI
12th Dec 2023 12:34

Aplogies for using the misleading word company. It is a block of residents flats. Block will receive 8% interest on the payment made for waking watch as per Financial Ombudsman Service rulings.

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By Wanderer
12th Dec 2023 12:41

Off to find a brick wall to bang my head against.

Once last effort. The BLOCK OF FLATS is not a legal entity. It is a building. The building can receive nothing, other than maybe a lick of paint.

What type of LEGAL ENTITY is receiving this interest.

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