Commentary

B5.207 Landowners' profits from admission fees

Business tax
Business tax | Commentary

B5.207 Landowners' profits from admission fees

Business tax | Commentary

B5.207 Landowners' profits from admission fees

If the owner of land which has a remarkable view, or some historic monument, merely allows the public to enter upon the land in return for an admission fee, the resulting profits may be assessable as property income rather than as trading income, since all that the landowner is doing is to exploit his right of property by granting licences to enter upon his land. The fact that he keeps the paths in order, or the monument in repair with the object of making a visit more attractive to the public makes no more

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