Landlords may be taxed first and paid later
Landlords may be taxed first and paid later
- 2001
- Estate Agency News (169) July 2001, 5(1) .
A new accounting treatment issued by the Accounting Standards body could mean that landlords are compelled to pay tax on rent they have not yet received. This will depend on the decision of the Inland Revenue, which normally adopts recommendations from the Accounting Standards Board.
ACCOUNTING STANDARDS BOARD
TAXATION ISSUES
RENTS
LANDLORDS
A new accounting treatment issued by the Accounting Standards body could mean that landlords are compelled to pay tax on rent they have not yet received. This will depend on the decision of the Inland Revenue, which normally adopts recommendations from the Accounting Standards Board.
ACCOUNTING STANDARDS BOARD
TAXATION ISSUES
RENTS
LANDLORDS