Accountant | Tax Specialist | Mother | Entrepreneur | Blogger
Phoenix has written 102 posts for PHOENIX DEBOLA

Letting Surplus Business Premises

Rent received from letting surplus business accommodation is strictly assessable as property income. However, in some cases, rents from surplus business accommodation may be included in the calculation of the trading profits if certain conditions are met. These conditions are: the accommodation must be temporarily surplus to current business requirements. S21 of Income Tax (Trading … Continue reading


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