B2.218 Surplus Business Accommodation | Business Tax | Simon's Taxes | Tolley
Home / Simons-Taxes /Business tax /Part B2 How are trade profits and losses calculated? /Division B2.2 Trade receipts /Property income treated as trading income / B2.218 Surplus business accommodation
Commentary

B2.218 Surplus business accommodation


Business tax

A trader, including a trading company has the option of bringing receipts and expenses of letting surplus business accommodation into the calculation of trade profits under certain restricted conditions1 (see below). Once this treatment is applied to a letting, it must be continued for so long as the conditions are met2. The conditions are3:

  1. 听

    鈥⑻� the business accommodation must be temporarily surplus to requirements

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
TAKE A FREE TRIAL TAKE A FREE TRIAL

Web page updated on 17 Mar 2025 14:05