UK property income
In this lesson, you'll learn how UK property income is taxed differently for companies versus individuals—a key distinction in the corporation tax pro forma.
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In this lesson
- 0:00 UK property income overview
- 0:21 Accruals basis and deductible expenses
- 0:36 Interest payable treatment
- 1:04 Individuals vs companies comparison
About this lesson
You'll discover why all rental income and expenses are pooled on an accruals basis for companies, which expenses are deductible (and crucially, why interest payable isn't), and how to treat interest relief through the non-trade loan relationship section. Understanding these rules is essential for TX (Taxation) and will help you correctly calculate taxable property profits in both company and individual scenarios.
Duration: 2m
Transcript
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