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Entrepreneurs’ relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Entrepreneurs’ relief

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by jonathanforstudying.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • May 5, 2017 at 9:46 am #384926
    jonathanforstudying
    Member
    • Topics: 16
    • Replies: 14
    • ☆

    Hi Sir, why is Freehold office building eligible to ER but not Freehold warehouse?

    Thank you in advance.

    May 8, 2017 at 7:42 pm #385413
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    There has to be more information than you have provided to make that decision – such as the warehouse is rented out rather than used in the trade – if both are used in the trade of the individual and have been owned for 12 months then both get ER

    May 13, 2017 at 5:39 am #386037
    jonathanforstudying
    Member
    • Topics: 16
    • Replies: 14
    • ☆

    Noted with thanks Sir!

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