There have been around 10 occasions this has occurred over a 6 month period. I am aware that I need to ascertain how it was treated in the cessation accounts of the gallery. I don't think in this example that CG applies but unsure how to deal with it as trading income.
Not sure how it was dealt with on cessation
I think you would have got the gist from that, anti money laundering
Thanks, no not on NRL scheme.
PA covers rental profits so no tax payable
Yes they are British citizens
Given what has gone on before, are you happy that you weren't correct first time round with the 28%?
Don't understand what you mean
Other than my mistake regarding the point
mentioning entrepreneurs relief and my typo re the tax rate of 28% that should have read 20% I am only asking for clarification.