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Sir if there any assets used by the company for the upkeep of their investment properties then how are they treated? For individuals they would be deductible expenses, but what about for companies??
The rules for companies for purposes of our exam basically follow the rules for individuals in terms of how tax relief is available for plant and machinery for the upkeep of properties.
The main difference for property income assessments for companies is that interest payable on a loan taken out to purchase an investment property is that it will be treated as a deduction from interest income rather than property income under the non trading loan relationship rules
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