Onerous side effect remains in place
Edsall, M.
Onerous side effect remains in place - 2003 - Estates Gazette (0307) 15 February 2003, 130-131(2) .
Considers the Construction Industry Scheme (CIS) which was designed to prevent tax avoidance in the construction industry. It can also apply to any payments between landlords and tenants that are made by way of contribution towards the other party's works on a property. The Inland Revenue proposes to reform CIS and this article sets out the main areas under review. Argues that it would be reasonable to release landlords and tenants from any application of the scheme.
CONSTRUCTION INDUSTRY SCHEME
TAX AVOIDANCE
LEASES
BUILDING CONTRACTORS
REFORM
Onerous side effect remains in place - 2003 - Estates Gazette (0307) 15 February 2003, 130-131(2) .
Considers the Construction Industry Scheme (CIS) which was designed to prevent tax avoidance in the construction industry. It can also apply to any payments between landlords and tenants that are made by way of contribution towards the other party's works on a property. The Inland Revenue proposes to reform CIS and this article sets out the main areas under review. Argues that it would be reasonable to release landlords and tenants from any application of the scheme.
CONSTRUCTION INDUSTRY SCHEME
TAX AVOIDANCE
LEASES
BUILDING CONTRACTORS
REFORM