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Rent a chair

Rent a chair

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To make it brief, one of my clients and his wife inherited a property last year, part residential and part hairdressers.  He was looking to sell the property but had had no joy.  He is currently receiving rent a chair income off three hairdressers totalling about £20k per year.

I would like to class it as rental income but am leaning towards a trading partnership.  What is anyone else's thoughts?

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By [email protected]
08th Jun 2012 11:01

Id suggest first year could be put through as rental income but going forward its looking like a trade.

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