Commentary

B6.215 Supplementary rules for property businesses

Business tax
Business tax | Commentary

B6.215 Supplementary rules for property businesses

Business tax | Commentary

B6.215 Supplementary rules for property businesses

For the latest New Development, see ND.1295.

Income tax

ITTOIA 2005, Pt, 3 Ch 12 (ss 361–364) contains additional rules that supplement the provisions dealing with property businesses. Three are dealt with below.

Changes in the composition of trustees and PRs

First, it is provided that a change in the persons who are trustees of a trust or an individual's personal representatives does not amount to any trustee or personal representative starting (or ceasing) to carry on a property business1. In other words, the trusts or the personal representatives are treated as a single continuing body notwithstanding any change in their composition.

Companies coming into or leaving the charge to income tax

Secondly, non-resident companies can be within the charge to income tax on the profits of a UK property business up to 5 April 20202. However, should

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