Documents for Business
In excess of 1,000 customisable documents covering every conceivable business issue.Search all documents in Documents for Business
Election to average occupation of FHLs
Election to average occupation of FHLsIf you let a property as furnished holiday accommodation it qualifies for preferential tax treatment if various conditions are met. One condition requires that the property is let for a minimum number of days eac... Read more
Nominating a main residence election
Nominating a main residence election If you own two or more properties which you use as homes, say your main house and a holiday home, you can choose which qualifies as your main residence for capital gains tax private residence relief.More than oneT... Read more
Capital allowances election for fixtures in buildings
Capital allowances election for fixtures in buildingsWhen a commercial building is sold the seller and the purchaser can agree to apportion part of the price to fixtures which qualify for capital allowances, i.e. plant, machinery and integral feature... Read more
CGT schedule of capital enhancements
CGT schedule of capital enhancements The cost of enhancing an asset, such as structural alterations or improvements to a property, is a capital expense. The cost of the enhancement is deductible when calculating the capital gain or loss following the... Read more
Chattels checklist
Chattels checklistAnything moveable that is sold with a property is generally not considered to be part of it and so is not subject to stamp duty land tax (SDLT). The purchaser will save SDLT by allocating any of the purchase price to chattels. Equal... Read more
Rental business employee's job description
Rental business employee's job descriptionYou can claim a tax deduction for the cost of paying someone, including a spouse or civil partner, to manage a property you let. HMRC may ask for details of their role so you need to justify paying them. Wage... Read more
Licence agreement (commercial property)
Licence agreement for commercial propertyThere are various reasons why you might not want to offer someone a lease over a property. A licence to occupy land or buildings, unlike a lease, does not convey exlusive right over the property. licence agree... Read more
Deed of trust for property
Deed of trust for propertyIf you let property which is owned jointly the rental income is taxed on each of the owners equally. However, a deed of trust can be used to transfer some or all of the beneficial entitlement from one joint owner to the othe... Read more
Capital allowances for fixtures in buildings record
Capital allowances for fixtures in buildings recordSince April 2014 it has been crucial for prospective buyers of second-hand commercial buildings to ensure that the seller has allocated their expenditure on fixtures to a capital allowances pool befo... Read more
Property management company contract
Property management company contractCompany tax rates are lower than those for individuals, so it might make sense to divert some of your rental income from properties you own personally into your own property management company. In order to avoid a ... Read more
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