Alms and the taxman
Moody, G.
Alms and the taxman - 2001 - Housing Today (237) 7 June 2001, .
Explains the consequences for registered social landlords of the withdrawal of statutory concession ESC/B4, which created an exception to the rule that repairs which significantly improve property are considered capital expenditure and therefore not deductible. Focuses mainly on the result that the withdrawal of ESC/B4, which made 'notional repairs' tax deductible, has created a disincentive for non-charitable RSLs to upgrade their tenants' homes. Also looks at key issues in the Housing Corporation's and the Charity Commission's joint protocol.
RSLS
REPAIRS AND IMPROVEMENTS
CORPORATION TAX
REGISTERED SOCIAL LANDLORDS
VOLUNTARY TRANSFER
Alms and the taxman - 2001 - Housing Today (237) 7 June 2001, .
Explains the consequences for registered social landlords of the withdrawal of statutory concession ESC/B4, which created an exception to the rule that repairs which significantly improve property are considered capital expenditure and therefore not deductible. Focuses mainly on the result that the withdrawal of ESC/B4, which made 'notional repairs' tax deductible, has created a disincentive for non-charitable RSLs to upgrade their tenants' homes. Also looks at key issues in the Housing Corporation's and the Charity Commission's joint protocol.
RSLS
REPAIRS AND IMPROVEMENTS
CORPORATION TAX
REGISTERED SOCIAL LANDLORDS
VOLUNTARY TRANSFER